Loan requirement submission
Whether a full pack or just an appraisal, we can discuss headline terms with brokers and borrowers very early on in the process .
1
Heads of Terms
We will provide full Heads of Terms along with a list of our usual requirements and conditions within 24 hours. Once these have been signed and returned we immediately start drawing up our credit paper.
2
Credit
Our credit process is super simple and super quick. We typically turn credit decisions around within 5 working days receipt of signed terms, subject to legals, valuation and contract.
3
Site visit, legals and reporting
Once credit approval has been granted, we book a site visit and instruct third party professionals (typically a quantity surveyor and valuer) whilst the legal process can get underway simultaneously.
4
Completion
Once legals have been completed, all conditions have been satisfied and reports have been received funds can be released and the loan completed.
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