At first glance, this was a straightforward loan for Think. HMO conversions is something we do very often, but upon further due diligence, underlying title issues were found which caused months of delays. At this stage of an application, we know our borrowers’ have already invested time and money into the project. Hence, withdrawing our offer is something we desperately try to avoid; luckily, we managed to do just that for this loan. It took 6 months in total for solicitors to resolve the issues, but we knew this was too good a deal to miss for our borrower. We revised a new offer and managed to complete within 4 weeks!