Quick settlement for Noosa downsizer after her auction win

Auction Win to Unconditional Approval in Just 7 Days

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After successfully bidding on her perfect property at auction, a client of Shaun Jones from Mason Finance Group found herself in a tricky situation.

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‍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. 

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The Scenario

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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

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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. 

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Let’s take a closer look at the loan:

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The Solution

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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: 

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“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.”

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Do you have a client who might benefit from Bridgit’s single-security bridging loan? 

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‍Schedule a call today and workshop a scenario with one of our specialists.