There are 5 steps to funding in 5 to 10 days with our introducers actively involved in obtaining the necessary application, valuations and references required to complete a loan. Scroll down here to see the 5 easy steps.
STEP 1 | MAKE THE FINANCE PROPOSAL
You send us your new case proposal either by email or online and within 4 business hours we will assess the case and send you pre-approval with terms or the draft loan documentation and the underwriting requirements to be satisfied to fund the loan.
STEP 2 | COMPLETE INITIAL PAPERWORK
Once you have reviewed the terms and the customer confirms with you they are happy to proceed send us the completed application form and at the same time send our panel valuer the property details so they can confirm the valuation fee payable for inspection of the property.
STEP 3 | VALUATION & REFERENCES REQUESTED
Your customer makes the payment direct to the valuer and the valuation is arranged and while that is happening the references are requested and followed up for reply. We will agree with you what to ask for or assist if you need any help sending the reference requests.
STEP 4 | SIGNING
Your customer will need to arrange a meeting with their solicitor to sign the legal paperwork which then needs to be returned to us. They can wait to find out the references and valuation are okay before visiting their solicitors or they can arrange this immediately to speed matters along.
STEP 5 | RELEASE OF FUNDS
Once we have received all the signed paperwork and any other documents required along with satisfactory valuation and references we will ask to speak to the customer to ensure they are happy for the loan to complete and then the loan funds will be sent to their nominated business bank account usually the same day.
What information does FinSec need to consider a case?
- Amount and purpose of the loan;
- Preferred term for repayment;
- Name of the business;
- Details of the borrowers and guarantors (including full name, home address and date of birth) and their acceptance of our use of personal information to allow us to perform personal searches;
- Details of the security property (including the full address and approximate value and amount of any existing mortgages or charges).
Our offices are open Monday to Friday 09:00 – 17:30. You can reach us by phone on 0208 731 3087 or you can email on email@example.com and we’ll get back to you as soon as we can.