PROCESS
ENQUIRY
APPLICATION & INTERVIEW
PROFESSIONALS
COMPLETION
ENQUIRY
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Terms issued within 24 hours
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Client pays Application Fee
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Searches completed
for Bridging Loans & Refurb Loans <£500k
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Credit will assess application with the view to issue Conditional offer subject to valuation. Legals can be instructed via undertaking at this stage.
for Bridging Loans & Refurb Loans >£500k + all Development Finance Applications
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RM will hold a video call with the client to discuss the project, introduce LW and answer any questions the client has. Legals can be instructed via undertaking at this stage.
Following interview Credit will assess application with the view to issue Conditional offer subject to valuation
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We will obtain Valuation quotes and quotes from Monitoring Surveyors and provide these to the Broker & Client. Once in receipt of funds we will instruct the professionals. Legals can also be instructed at this stage.
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Upon receipt Credit will review reports alongside any other outstanding requirements that have been received.
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If they haven’t already Legal will be instructed at this point. Legal will issue the Formal Mortgage Offer and Legal Charge to the client’s solicitor
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Report on Title received from Lawyers (48 hours required prior to completion)
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Commissions paid to introducing broker