The client, who required £91,000 at 65% LTV to purchase a four-bedroom residential bungalow, was left with only three days to complete when their specialist lender was unable to meet the vendor’s deadline.
Jo Breeden, Managing Director of Crystal Specialist Finance, said: “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.”
Crystal SF then approached short-term specialist Together, who upon reviewing the case, 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.”
Together, formally known as Jerrold Holdings, has a reputation for completing short-term deals in danger of collapse, saving three such transactions this year.
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