Together helps Crystal client let down by another lender

Published on

Together and Crystal Specialist Finance joined forces to assist a client with a buy-to-let property purchase when another lender had failed to deliver, leaving the client with just three days to complete the funding or lose the deal.

The customer needed £91,000 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, it 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.

Marc Goldberg (pictured), Together’s commercial CEO, 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.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Rising cost of living could stall housing market activity

The rising cost of living remains the most pressing concern for Britons and could...

The Mortgage Works cuts switcher rates for existing landlords

The Mortgage Works has announced reductions of up to 0.25 percentage points on selected...

Homeowners stay put as remortgaging nears parity with home purchases

Britain’s homeowners are increasingly choosing to refinance rather than move, with remortgage activity now...

Co-operative Bank in sub-4% mortgage arena following rate cuts 

The Co-operative Bank for Intermediaries has reduced selected residential and buy-to-let mortgage rates, bringing...

Access FS appointment to lead recruitment strategy

Access Financial Services has appointed Rob Jarvis as business development manager, tasking him with...

Latest publication

Latest opinions

Right of Light risks: a looming shadow over construction projects

Gone are the days when a Right of Light infringement could be swiftly dealt...

Could a move to ‘enhanced advice’ also mean mandatory protection conversations?

The FCA’s recent Mortgage Market Discussion Paper (DP25/2) has got the industry talking about...

Take off the rose-tinted glasses and stop chasing a rate cut

Every six weeks the financial world raises its eyebrows at the prospect of a...

Job cuts to inflation shock: preparing for a mortgage arrears crisis

The latest data on jobs paints a picture of a rapidly weakening labour market. The...

Other news

Rising cost of living could stall housing market activity

The rising cost of living remains the most pressing concern for Britons and could...

The Mortgage Works cuts switcher rates for existing landlords

The Mortgage Works has announced reductions of up to 0.25 percentage points on selected...

Homeowners stay put as remortgaging nears parity with home purchases

Britain’s homeowners are increasingly choosing to refinance rather than move, with remortgage activity now...