How we helped settle a Luxury Residential Purchase/Gold Coast – Owner Occupied
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An existing client wanted to purchase a high-end luxury home on the Gold Coast.
Challenges Faced
Our client had signed the Contract of Sale to purchase the property in late December; settlement was in 28 days over the Christmas /New Year period so very few Bank staff were actually working during this time. The Covid environment and bankers working remotely also amplified the potential timeframe problems.
The transaction was complex but our loan application was submitted on Boxing Day to ensure it was picked up for assessment as soon as possible.
Outcome
Our Consultants were able to workshop the proposal with a Private Banker from a major bank prior to their own Christmas leave, and ensure that our loan application was given the highest priority.
The property purchase settled on time! The client was delighted and they now own their dream property on the Gold Coast.
