New 48-hour offering aims to speed up completions for brokers and their clients
Specialist lender Castle Trust Bank has introduced a new service that promises to complete loans within 48 hours of issuing an offer.
The fast-track option, available for bridge and term refinance deals, is supported by the bank’s use of dual legal representation, title insurance, and electronic documentation via DocuSign. The move aims to speed up the property finance process, helping investors and landlords who require quick access to funding.
To qualify for the 48-hour completion, applications must meet several conditions: they must be for refinances only, use dual representation with legal firm Russell Cooke, qualify for title insurance, hold a valid valuation, have an up-to-date redemption statement, and have all documents signed through DocuSign.
The launch follows several recent changes at Castle Trust Bank. Earlier this year, the lender reorganised its operations, creating a dedicated bridging underwriting team, expanding its sales and underwriting divisions, and adding ‘no search’ indemnity insurance as a standard offering for heavy refurbishment cases.
“Speed and certainty are just as important between offer and completion as pre-offer and our new 48-hour refinance completion service commits to delivering both,” said Anna Lewis (pictured), commercial director at Castle Trust Bank. “It’s a perfect example of how we’re using smart processes and trusted partnerships to make a real difference to brokers and their clients.”
Lewis added that the bank has already completed loans in as little as nine hours under the right conditions. “Now, with this new service, we’re offering brokers a clear and dependable route to fast-track refinance, committing to a 48-hour turnaround without compromising on diligence or service.”
Mark Toland, senior associate at Russell-Cooke Solicitors, added they were pleased to be able to work closely with Castle Trust Bank to deliver the streamlined process.
“Our dual representation model helps us to eliminate many of the delays typically associated with loan completions, giving clients the speed they need,” he said.
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