Together and Crystal Specialist Finance have teamed up to help a client with a buy-to-let property purchase when a competitor lender had failed to deliver, leaving the client with just three days to complete the funding or lose the deal.
The customer needed £91k to complete the purchase of a four bedroom residential bungalow as a buy-to-let investment, with a 65% loan-to-value, and the vendor had an onward purchase agreed so a speedy completion was essential.
Whilst another specialist lender had accepted the case, they proved unable to meet the timescale and left the customer in danger of losing the property. The broker, Crystal Specialist Finance, approached Together to step in, and the lender reviewed the case and was able to provide the funding.
Together’s commercial CEO Marc Goldberg said: “Our partners such as Crystal Specialist Finance know they can turn to us in scenarios like this, where unfortunately they have been let down by other lenders at the last minute. We’re proud of our reputation of being able to deliver fast turnarounds and provide customers with access to the finance they need.”
Jo Breeden, managing director of Crystal Specialist Finance, added: “Our customer was in danger of losing this property, with its onward chain, and so it was essential for us to approach a lender that we could trust. Together worked closely with us to ensure the process was as swift and smooth as possible and we’re delighted with the outcome for our customer.”