Navigating Tight Deadlines in Property Auctions: A Success Story
Crystal Specialist Finance
Top Distributor; experts at delivering complex solutions quickly, with agility, and award-winning Customer Service.
In world of property investment, timing is everything. Recently, we had the pleasure of witnessing a remarkable case that highlighted the importance of efficient processes and strategic partnerships in the auction buying landscape.
A husband and wife had their eyes set on a residential investment property—a perfect opportunity at a striking price of £60,000. However, with a tight deadline looming, they faced the anxiety of potentially losing both their deposit and their dream property.
Their mortgage broker, recognising the urgency, sought assistance from our team at Crystal. Given that the property was located in Scotland, the couple was up against a distinct legal process that often involves slower turnaround times. Nevertheless, our team was confident. Thanks to our established relationships with the UK’s leading specialist lenders, we believed we could complete the deal within the required timeframe.
The broker wasted no time, submitting their online enquiry and application using our e-sign process on the same day. Knowing that time was of the essence, we immediately mobilised our resources.
A specialist lending manager contacted one of our lending partners, prioritising the request for formal terms. Remarkably, by the next morning, the terms and conditions were waiting in the broker’s inbox, accompanied by a checklist of the necessary documentation to move forward.
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What stood out was the broker’s level of organisation. All required materials were prepared and sent back the same morning. Within just four working hours, the solicitors were instructed, and an Automated Valuation Model (AVM) was carried out.
The subsequent legal process was completed in an astonishing two weeks, from initial enquiry to completion. Most importantly, both the broker and the clients walked away with a fantastic outcome.
The couple successfully secured their investment property without the worry of missing out due to timing issues. Feedback from the broker highlighted the seamless experience:
“5 stars! A pleasure to work with. You don’t have to chase them—they chase you and everybody around the case.”
This case serves as a powerful reminder of the importance of collaboration, efficient processes, and proactive communication in the property investment landscape. As the property market continues to evolve, professionals must adapt to the challenges posed by tight deadlines and complex legal processes. By leveraging strong partnerships and prioritising efficiency, we can not only meet these challenges head-on but also exceed client expectations.