Case study: One day payout cherry

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The Loans Engine

Joined 10/08/23
Posts 11 – Message

Case study: One day payout

Recently, we helped a client lower their monthly expenses by £672, taking their monthly shortfall into a surplus. It was a great outcome for both the client and the broker!

What made this case even more remarkable was the speed of completion.

Here’s how we made it happen...

The client needed to complete before their payments went out on the 1st of November.

Our team worked tirelessly, even staying late to ensure everything was accurately submitted on time.

Here’s the timeline:

Wednesday, October 30th:

Case sold at 3:35 pm
Underwriting received the pack at 4:40 pm
Welcome call with the client completed at 6:23 pm
Case submitted to the lender at 6:32 pm

Thursday, October 31st

Client transferred to the lender for speaks at 12:25 pm
Case offered at 12:42 pm
Deed received by the lender at 16:01 pm
Case completed at 16:39 pm

Completing this case within a day shows how we can deliver results when timing is critical. We know that every second counts for your clients, and that's why we focus on speed without compromising quality.

If you have clients that need help fast, contact our team of experts today:

📞 0800 328 8930

💻 www.tle.co.uk

📱 sales@tle.co.uk

THIS INFORMATION IS FOR THE USE OF PROFESSIONAL MORTGAGE INTERMEDIARIES AND CREDIT BROKERS, NOT THE GENERAL PUBLIC.

The Loans Engine is a trading name of Central Loans Limited, registered in England 04205508. Registered office: 25-27 Surrey Street, Norwich, Norfolk, NR1 3NX. Postal address: The Loans Engine, 1st Floor, Building 2, Axis, Rhodes Way, Watford, WD24 4YW. Authorised and Regulated by the Financial Conduct Authority. Firm Reference Number 708606.

Report Post 6 Nov 2024, 2.01 pm

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Anonymous 1

Joined Anonymous
Posts Anonymous

If payments was due on the 1st November....I doubt they would have been stopped in time (as most institutuons seem to require 10 days notice to amend DDMs within the DDM Guarnatee rules???).

So nice story - but thats what it is??

Report Post 6 Nov 2024, 2.48 pm

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– Reply 1

The Loans Engine

Joined 10/08/23
Posts 11 – Message

Thanks for your reply.

You're absolutely correct that scheduled Direct Debits may still go through if they're not cancelled in time. However, in these cases, the client is usually reimbursed by the creditor, so the client will still see the benefit once the refund is processed.

A key point here is that we completed this case at exceptional speed, within just one day. By meeting the client’s timeline for the 1st of November, they have now reduced their monthly outgoings by £672, moving them into a monthly surplus rather than leaving them short. This fast turnaround means they’ll be able to see these benefits quickly! :)

Report Post 6 Nov 2024, 4.20 pm

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