The Christmas break is almost upon us and people are busily completing those final deals before the festive holiday.
Do you have a complex deal on your desk which you really need to complete? Crystal Specialist Finance recently helped a client find much needed auction finance in just 24 hours with their multi-award winning bridging products.
- Winner of ‘Best Broker for Bridging’ 2021
- Beat the quote guarantee on all non-regulated bridging deals
- Open door to the UK’s best specialist lenders
- Can work across most property types
The challenge – a deal on the brink of collapse
A father and son team had worked hard to grow their portfolio over the years, and had recently won a new property at auction for £110,000.
They had jumped through all the hoops and were inches away from the finish line when all of a sudden they hit an obstacle – their lender had pulled out of the deal.
With their completion deadline looming and with limited options available to them, the clients were introduced to Crystal via a broker who had worked with us to solve similar cases.
The solution – experts that can work with the narrowest of deadlines
As the father and son team had paid at auction, the deadline was looming and with that the risk of losing their fees, deposit and their new investment property.
Turning to Crystal, they needed a specialist finance partner who was experienced and could work within the narrow completion window – in this case, just 24 hours!
With time being very much of the essence, the team got to work to get the underwriting boxed off, property valued and legals instructed. The lender’s solicitors were able to indemnify against most of the searches and a full set of legal replies had landed by lunch time the next day with funds being released soon thereafter – a feat unheard of with similar purchases.
Due to the efficiency of Crystal’s processes and trusted relationships with specialist lenders all the documents were complete by Friday and the client could proceed with their auction and avoided losing money.
Do you have a complex deal with a deadline fast approaching? Contact Crystal Specialist Finance to see how we can help on 01827 301 070 or submit a quick enquiry.
