How we work

Keeping things simple: Our 5-step process

Loan enquiry and indicative terms

Decision in Principle (DIP) issued

Valuation instructed

Lawyers issue legal paperwork

Loan drawn down

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Step 01: Loan enquiry and indicative terms

Once the loan enquiry is received, indicative terms are provided with full transparency from the start.

  • Indicative terms will outline your agreed rate and loan value, so you have the information upfront
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Step 02: Decision in Principle (DIP) issued

This is where we do an in-depth analysis of the client and their requirements and provide a decision in principle.

  • It is standard procedure to contact ‘Know Your Client’ searches (KYS’) before providing finance. Here, we take a look into your financial history to ensure that, should there be any potential issues, that we take look into finding a solution that works for you.
    Here, we often require documentation such as:

    • 3 Months personal bank statements
    • 3 Months business bank statements (if applicable)
    • Evidence of income (if loan is being serviced)
    • Application form
    • Statement of assets, liabilities, income & expenditure (SALIE)
    • Property portfolio schedule
    • Proof of residency
    • Proof of ID
  • This could be to clear any adverse credit you may have, for example.
  • A Decision In Principle, often referred to as a ‘DIP’, is a formal contact between a yourself and a lender that indicates how much the lender is willing to lend to you.
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Step 03: Valuation instructed

Valuers are instructed to visit the property or properties in question. This is what allows us to confirm the terms detailed on the Decision In Principle.

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Step 04: Lawyers issue legal paperwork

The lawyers will do all the necessary paperwork for both us and the client to progress the case.

  • Here, you can take a step back and relax, as we’ll do all the leg work for you
  • We’ll be sure to keep you updated on the progress of your loan
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Step 05: Loan drawn down

We are able to provide funds in as little as three days, depending on the circumstances. Funds will be released in your account, so you can:

  • Continue with your property purchase
  • Start renovation works
  • Repay your previous lender

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