On DECEMBER 23, we received a phone call from a very distressed client. He had to settle on a property that very day. This gave him only 24 hours to ensure that he had the correct funds in order to secure his property purchase.
His bank had held the process up, as they are so busy before Christmas. Plus it is well known that valuations are taking way too long at the moment to complete, and this case was no exception.
As a result, the man’s finance was not in place in time, so he stood to lose his 10% deposit and the prized property as a result of not being able to settle.
Property Settlements are now one of our key areas of expertise. Unlike many other private lenders who might hold you up for weeks, we do not mess around. We pride ourselves on being the fastest private short-term business lender in Australia and New Zealand.
In fact, we are pretty much the only national short-term business lender that can genuinely settle a loan in less than 24 hours.
That is exactly what we were able to do in this case. HomeSec was able to ensure that this gentleman did not lose his property and did not lose his deposit. He can now breathe a sigh of relief, while he organises more suitable long-term finance.
I am pretty sure he has one of the best Christmas’s ever. If it wasn’t for HomeSec, he was in line to have his worst Christmas on record, and would be out of pocket to the tune of over half a million dollars.
It is cases like this that make our work at HomeSec extremely rewarding. We are here to help our clients to make money, and to be the lifeline that we all need in business sometimes.
A lot of people do not think to contact their lender at this time of year. The reality is that most lenders are often too busy in the lead up to Christmas, and some even start to close down a week before Christmas.
At HomeSec, we are always available to take calls, and we will be well and truly ready to go again after Boxing Day.
On behalf of all the team at HomeSec, we would like to wish all of you a very safe and Merry Christmas and summer holiday season.
In 2022, we look forward to growing the number of business owners and mortgage brokers who regard HomeSec Business Finance as their favourite and most trusted short-term business lender.