Together and Crystal team up to rescue client

Together and Crystal team up to rescue client




Together and Crystal Specialist Finance joined forces to help save a customer from losing a deal by completing funding in less than two days.

Together and Crystal Specialist Finance joined forces to help save a customer from losing a deal by completing funding in less than two days.

The customer needed £470,000 as a short term loan to purchase the freehold on his residential property, clear an existing second charge loan and fund a buy-to-let property.

The residential property was valued at £1.8m and the exit strategy was a planned sale that would repay the loan, but the customer only had a matter of days to arrange new finance.

Let down by his previous lender at the last minute, the customer approached Crystal who knew Together would be able to provide the funds in such a short timescale.

“This is a great example of lenders, brokers and solicitors all working together to find the best solution for the customer,” said Marc Goldberg, Commercial Board Director at Together.

“We have a longstanding relationship with Crystal Specialist Finance and they ensured we had all the relevant documents and helped speed up the process for us by submitting the application through our online portal.”

Together used its solicitors at Priority Law to work with the customer’s own solicitors, and made sure everything was ready from an underwriting and processing point of view to release the funds as quickly as possible.

Jo Breedon, Managing Director of Crystal Specialist Finance, agreed that this was a perfect example of all parties working together to put the customer outcome at the heart of the transaction.

“In this case we rode to the rescue of a customer who had been let down at the last minute on a crucial completion deadline,” said Jo.

“From enquiry to drawdown took just 15 working hours which is a phenomenal effort from all involved.” 

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