After successfully bidding on her perfect property at auction, a client of Shaun Jones from Mason Finance Group found herself in a tricky situation.
Here’s how our BDM, Jolene Farrow, helped Shaun Jones, Senior Mortgage Broker at Mason Finance Group secure a loan for his client, a downsizer looking for a quick settlement when a traditional lender let her down after her auction win.
Shaun's downsizer client successfully bid on her perfect property at auction but despite receiving conditional approval from a traditional lender, she was then declined for formal approval, leaving her facing a 30-day settlement without a home loan
At that point, Shaun’s client hadn’t even started the sale process for her current property, meaning the equity was still tied up in her existing home.
Let’s take a closer look at the loan:
Bridgit helped the customer secure conditional bridging finance approval in 24 hours, complete valuations and provide formal approval in seven days. She met her 30-day settlement deadline easily and was able to proceed with the purchase of her dream home.
Shaun reflected on his positive experience with Bridgit:
“It was great to be able to provide a quick solution for a client that was stressed and stuck with an unconditional contract - Bridgit enables clients to have re-assurance to be able to move ahead with excellent timeframes.”
Do you have a client who might benefit from Bridgit’s single-security bridging loan?
Schedule a call today and workshop a scenario with one of our specialists.
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This month, Nikki Pelizzoni, Regional Director at Bridgit, explains the broad range of clients that can benefit from access to bridging finance and how bridging can solidify your client relationships.
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In today’s fast-paced property market, securing your dream home before it’s gone can be challenging. Let’s run through how Bridgit’s bridging finance solution allows buyers to purchase their next home before selling their current one.
In the fast-moving world of real estate, speed is key. Here’s how we helped a Bridgit customer secure a bridging loan for an investment property that was ready to settle in just three days.
