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Application Details
To ensure that we can provide you with our best loan terms, we will need as much information about the property or portfolio as you are able to provide. Please see the New Business Application Details sheet (PDF, 83kb) which details the type of information required.
Even if you haven’t got it all, we will still be able to provide an indication of a loan level, term and exit loan. We are always happy to discuss applications over the telephone first, to give you a feel for what we believe we can offer.
You can provide this information either by e-mail, or post.
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Underwriting your application
Upon receipt, we will review the property details and put together our best loan package making sure it is as close to your needs as we can. We have a credit committee who meet daily, so we can get a formal decision to you quickly. Once approval is gained, we will issue an agreement in principle letter noting the loan particulars and requesting our arrangement fee.
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The loan offer
On receipt of the arrangement fee, we will send you a mortgage offer, formally confirming our commitment to lend, requesting official acceptance, and request a formal valuation from the valuer you’ve nominated from our panel. As soon as this acceptance is received, our in-house legal team are instructed who will liaise with your legal representation to carry out the necessary legal due diligence and settle the loan and security documentation.
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Legal Completion
A completion date is agreed once the workload and timings are known. We aim for the final sign off first thing on the completion morning in order to release the monies as soon as possible.