BuildStore Bridging Loan takes a personal approach to every case, carefully researching cashflow requirements and matching these with the best and most competitive product for you, first time. The following is an outline of the main steps involved in our process and what you can expect from us when it comes to securing short term funding for you.
Call our specialist short term funding desk for free advice on your project.
At this point, we will outline fees, interest rates, professional costs including valuation and solicitor costs, and provide you with a list of questions we need answered to provide you with a formal Decision in Principle.
There are no upfront fees payable.
An adviser will complete a fact find with you.
Decision in Principle requested. An approved decision usually the same day - up to 24 hours.
We'll run through the decision with you so that you fully understand what's being offered. We'll then complete all paperwork and package the case in the best possible light to the lender with a sound exit strategy.
Once your application is fully packaged, credit searched and underwritten, it's then time to instruct a valuation.
Once we've received the valuation and have confirmation of the valuation figures, a formal offer will be produced. £995 arrangement fee payable at this point.
The quicker we have all of the information from the solicitor, the better. We actively drive all parties concerned to make sure everything successfully completes within timescales needed. For urgent cases we can instruct valuation and legals at application stage.
Once all legals are satisfied, funds will be released and case will complete.