Obstacle
Our clients had made a significant commitment to purchasing a holiday home abroad. They had already invested £12,000 to secure the property but encountered a major setback when their mortgage application fell through unexpectedly.
This left them £150,000 short of the required funds for the purchase. They were under huge pressure as they needed to commit another £30,000 within three weeks of initial contact with Brightstar.
Outcome
Within a remarkably short period of 17 days, Brightstar facilitated a second charge mortgage of £150,000 on an interest only basis of 9.19% to cover the shortfall. By swiftly securing the required funds, we not only enabled our clients to complete the purchase of their dream holiday home but also safeguarded their initial £12k investment.
Subject to status. Product and criteria availability is subject to change or withdrawal at any time. For intermediaries only.
