Client Background
Our client, an expat based in Saudi Arabia, sought guidance in securing a mortgage for their first UK property investment. Having already acquired three properties in Spain, the client reserved an apartment in a new-build complex in Manchester, marking a significant step into the UK property market.
Challenge
The pressure to secure the mortgage was intensified by the developers’ demands to complete the transaction swiftly. Keeping the client’s interests paramount, we had to balance maintaining clear communication with the developers while shielding the client from undue stress. Additionally, there were complexities in the application process given the client’s status as an expat with cross-border investments.
Solution
We approached the case with a twofold strategy:
- Collaborative Communication: Throughout the mortgage process, we ensured the developers were kept informed of the progress, addressing their concerns directly to minimize pressure on the client.
- Efficient Mortgage Procurement: Leveraging our expertise and understanding of the client’s financial profile, we expedited the application and successfully secured a mortgage offer within just 10 days—a significant achievement given the circumstances.
Added Value
To further support the client, we provided guidance and resources for managing the legal aspects of the property transaction, ensuring a smooth and hassle-free completion.
Outcome
This case highlights the importance of clear communication and tailored strategies when navigating time-sensitive property transactions. By prioritizing the client’s comfort and managing developer expectations, we’ve laid the groundwork for a successful and stress-free property completion.
