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01277 561 116
As one of our brokers you can source client solutions across multiple sectors, submit and track their cases 24/7.
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As one of our brokers you can source client solutions across multiple sectors, submit and track their cases 24/7.
Need to register? Click here to start using our sourcing and case management system
CALL US:
01277 561 116
The sale of this customer’s main residence had fallen through during the final stages, leaving them in a situation where the current owners of their onward purchase wanted to re-list the house for sale with the estate agent.
Due to the broken chain, the customer needed to raise the shortfall to finance the new property purchase in a short amount of time so as to avoid losing their new home to another buyer.
The only available security was the customer’s main residence that had an outstanding mortgage balance so Brightstar needed to obtain consent to the second charge from their existing lender.
The client was able to raise the funds on their main residence to complete the purchase of their new property, at a rate of 0.90% pcm. The case was completed within 8 days. The client was then free to settle the second charge and outstanding mortgage balance upon the sale of the property.
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