Situation: Residential 48-hour bridging solution.
Our client in Scotland was looking for lending options urgently as their property purchase was at the risk of falling through due to unexpected delays caused in the mortgage process of their buyer.
They needed a quick solution to ensure that the transaction stayed on track and completed on the date intended.
Solution offered by Crystal Bridging Loans:
CBL received the case on a Thursday. We reviewed the case, carried out the due diligence, found an appropriate lender, got the documents together and packaged it with our usual high standards. An application was made with the lender the very same day.
Due to the strong relationship CBL has with its lenders, we were able to get the case picked up on an urgent basis. The valuation and underwriting was completed and a binding mortgage offer was issued by Friday.
A two-day completion for bridging finance is rare, but our great understanding of processes and lender requirements enabled us to facilitate a quick solution for our client to ensure their purchase did not fall through. Our client was extremely pleased with the result as their transaction was completed within the required timeframe.