The lender used the specialist distributor to provide a second charge bridge that was required quickly to refinance an existing deal.

The application to completion of the loan was just two weeks, which included the time taken to work through complications with the title and secure consent from the first charge lender.

Jo Logan, bridging loans specialist at Brightstar, said it was great to achieve a two-week completion on a second charge loan.

“As a lender, Castle Trust was very proactive.

“Everybody was on the case and they provided plenty of updates as the application progressed.”

The process was completed using the new express service from Castle Trust that was launched in September as a way to help clients who need rapid completions.

When using this service, applications are seen immediately by a senior member of the underwriting team, who remains the key contact throughout the application process, and title insurance is used to support the accelerated application and completion cycle.

Alex Upton, director of sales at Castle Trust, said it was in business to create value for its customers and sometimes it was speed that really mattered.

“We are delighted that we have been able to work with Brightstar to achieve our first completion so soon after launching the service.

“This case was particularly impressive given that it was a second charge and subject to consent from the first charge lender.

“With the express service also available on our first charge loans, we look forward to achieving even faster completion times in the future.”