Fast turnaround for Mid-60s self-employed couple to purchase a property with downsizing exit strategy
Occupation
Self-employed – Consulting Services
Location
QLD
Loan Amount
$1.2m
LVR
75%
Property Type
House
Scenario
Mr and Mrs W, a couple in their mid-60s, are in the process of purchasing a property for $1.5 million. They have invested a significant portion of their savings into their own R&D consulting business.
Due to the couple’s demanding work schedules, they had to request a 2-week extension for the settlement period. They were concerned that if the loan couldn’t settle on time, the vendor might rescind the contract of sale, potentially resulting in a loss of over $200,000.
How did Brighten help?
Brighten took into consideration the customers’ valuable assets, including collectible cars and a boat valued at over $600,000. These assets form part of their downsizing exit strategy, which includes the sale of their property in the next 10 years.
Understanding the pressing need for a quick settlement, the Brighten team worked closely with our lender solicitor to successfully complete the settlement process within just two days from the formal approval being issued.
Fees, charges, lending criteria applies.