This loan comes through a new funding line of First European which allows faster completions by using electronic valuations, bypassing the first mortgage reference and funding the loan within 24 hours of underwriting sign off, according to Promise.
Steve Walker, managing director of Promise, said: “This new product will be great news for those people who cannot borrow through conventional lenders and who also need the funds quickly.
“First European has gone to great lengths to reduce the amount of information needed from third parties and thus reduce possible delays.”
