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Broker Success Story: Short settlement and loan complexities

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Short settlement deadlines can be difficult to meet at the best of times, but when the application has added complexities, finding a lender with fast turnaround times is crucial.

For the broker and her clients, Bluestone not only offered a fast solution which saw the customer make settlement, but also offered a product upgrade when a previous account default was cleared.

Read about the broker’s experience with Bluestone below.

What was the customer’s situation and how did Bluestone help?

The customers were looking to purchase an investment property with a short settlement turnaround time, needing equity released for the deposit, as well as a new loan to complete the purchase. To complicate the deal, one of the applicants had previous defaults. Bluestone provided the customers with the lending required to purchase their home under ‘Near Prime’, which was then upgraded to a ‘Prime’ product once the defaults had cleared. They were able to make the settlement deadlines, meaning very happy customers.

What made this deal unique or challenging?

The defaults in the customers credit report, together with the tight turnaround times made this situation challenging.

What product did your customer receive?

Near Prime

Tell us about your experience working with Bluestone

My BDM has been fantastic. The whole Bluestone team has always been reliable and sort out any matter promptly ensuring a great experience for myself and my customers. 

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