Brilliant convert complicated cases to easy and quick solutions
Customer Profile
Mr Asaad is a first time buyer looking to take their first step on the property ladder. With only a 10% deposit he needed a 90% LTV mortgage.
Scenario
The client needed a swift turnaround as he was under increasing pressure from the vendor with only a short time to secure the property before it was put back on the market. There was a limited range of products available in the market. The broker wasn’t sure if a packaging option was a viable solution, as they believed it would take too long. Given the pressure that the client was under to secure the property it was essential that we worked together with the broker to ensure that the case could be progressed as fast and efficient as possible.
Brilliant Solution
Kensington were able to offer the client 85% LTV which was not enough, however thanks to our fees free exclusive product, Brilliant Solutions offered 90% LTV through the same lender.
The DIP was submitted less than 24 hours after receipt with a list of verification requirements sent to the broker the same day. A combination of hard work and effort from the broker along with real time communication and updates from us meant that all required items were gathered within a week. This allowed the full application to be submitted with the valuation instructed 2 days later.
Result
Mr Asaad got mortgage offer just in 8 working days after initial submission and been able to purchase his first house.
