Predicting lender requirements to achieve fast completions
Background
During a casual conversation with her hairdresser, Mrs A had an epiphany that she was working to supplement the couple’s income to enjoy life’s little luxuries: meals out, theatre and an overseas holiday each year. She realised that time was precious, and, as her husband was 10 years older than her, she didn’t know how long either of them would be fit and healthy to enjoy their adventures together.
Circumstances
Mrs A and her husband discussed their options and concluded that they had worked hard over their lives to afford their beautiful home and were now keen for their home to work for them, to facilitate a quality retirement together.
The approach
They engaged a Financial Adviser and, together, decided that Equity Release was their best option. They chose to work with Tivoli Legal based on our locality, reputation, and feedback. Having chatted with one of our solicitors by telephone, Tivoli Legal was engaged, and Mrs A handed in her notice at her job in anticipation of impending retirement.
Our focus:
As with every case we work on, it’s all in the preparation. We worked with our clients to prepare their case “pre-offer”.
What we did
- We listened: We listen to what our clients want to achieve and do our best to achieve these.
- Prepared their case ‘pre-offer’: Our streamlined process ensures that everything is agreed in principle.
- Predicted lender requirements: We ensure we have all the answers to the questions they are likely to ask
22 days
from application to funds in the bank
3 days
To obtain a lender offer
2 days
Later they embarked on their retirement
The result
- Fast completion: Just three days after the offer landed.
- 22 days later: Funds landed in our clients’ bank
- 2 days after: Our client left her job to start their retirement
The moment that mattered
Mrs A handed in her notice at her job in anticipation of their impending retirement.
His response:
“First class and excellent”
Mr & Mrs A
