Case Study: Colenko Facilitate Rapid Auction Purchase for Coventry Landlord

Colenko have helped an experienced landlord secure a 2-bed property in Coventry at auction, funded by Colenko’s market-leading Fast Track product.

The landlord was introduced to Colenko through Vibe Financial after winning the auction, with just 15 days remaining before the contractual completion date. Thanks to Colenko’s rapid processes, the loan completed well before the deadline, allowing the landlord to close the deal without any complications.

AVM and Title Insurance

Colenko’s speed in completing loans stems from the expertise of their underwriting team and the efficient use of practical solutions including AVMs and Title Insurance, which streamline the process and eliminate unnecessary delays. This blend of streamlined solutions and experienced underwriters ensures loans are processed swiftly, giving investors the edge in time-sensitive situations like auctions.

Kim McGinley, broker at Vibe, who introduced the case, praised the lender’s efficiency, saying, “It’s great to work with a lender like Colenko, who truly understand what bridging is all about. Their ability to deliver a fast and reliable service makes them stand out in the market.”

Fast Track Bridging

Jervace Ramsay-Linton, Colenko’s underwriter, commented, “Our Fast Track product is specifically designed for auction purchases and bridging loans requiring rapid completion. When combined with an experienced broker like Vibe, it’s an unbeatable solution for property investors.”

Colenko’s Fast Track product further reduces delays by eliminating the need for a cost undertaking for legals. Additionally, Colenko now offer AVMs at up to 75% LTV, giving investors a robust and market-leading lending option.