Regentsmead completes deal within 2 weeks

Regentsmead has helped a developer client get his project off the ground by arranging funds within two weeks of first meeting him.

The client, Stuart, was introduced by a prominent broker in the industry after being frustrated by lenders who had wasted his time and cost him money.

Stuart wanted to build a detached four bed bungalow in Worcestershire and required an amount to be released up front to assist with the purchase.

The site of the development

The foundations in place 

He was, however, under pressure to complete within a time frame.

Regentsmead was able to provide the funds within two weeks after finding out that Stuart had 30 years of experience in the building industry.

“I always worry when, in a first meeting, I say ‘it seems to be too good to be true’,” said Stuart.

“However, Regentsmead delivered all they said. Contact is continual, legals went better than ever before and two weeks after our first ever meeting we were in funds. Great service.”

Ashley Ilsen, Head of Lending at Regentsmead, said he was amazed at how many times in the past few months he had been told by a new client that ‘this all seems too good to be true.’

“I have found that our processes are so fast and efficient that at times dealing with new clients makes them suspicious of how easily everything is processed,” said Ashley.

“With a lender as service driven as Regentsmead, hearing this feedback is music to our ears.

“Nonetheless, we are always looking to improve and refine our offering even further and we welcome any feedback from our clients and introducer partners”.

The client’s broker, Andy, added that Stuart had told him how impressed he was with Regentsmead.

“He appreciated the speed and ease (from his perspective) of the decision making process and legal completion,” said Andy.

“He also felt that as an experienced developer, his expertise was being recognised.

“For my part as a broker, I echo these thoughts and would add that having swiftly made the decision to lend it was great to see the ‘can-do’ attitude and just how quickly the deal moved to completion and payout.”