There was also the added complication of a Freehold transfer required on both properties.
Madhu told us she was especially pleased with Aldermore’s service on these transactions, having progressed a high value and exposure case quickly and efficiently. A complicated completion situation did not slow down the matter either, with a need to transfer properties to leasehold during the completion process. Aldermore’s service meant that the customer’s pressing deadlines were met and he was able to meet his other financial commitments reliant on this.
The underwriting team for Aldermore took the time to understand Mr Bhattachrya's exposure position, the freehold transfer issue and the remortgaging of two properties in the same block to ensure that Madhu and her customer could complete the application quickly and successfully.