If you are happy with the Heads of Terms and wish to proceed, we will send you our account opening documentation. Once these forms are returned, together with any other information we have requested, we will progress your application.
We always undertake due diligence and KYC on all parties to the loan which must be satisfactory.
We then instruct one of our panel valuers to inspect the property and to provide a formal valuation report. The fee for this valuation plus VAT must be paid by the applicant before the valuers are instructed. In most cases, we simultaneously appoint one of our panel solicitors. In turn, they will contact your solicitor to provide a list of Standard Mortgage enquiries. We strongly advise you to nominate a firm with good knowledge and experience in dealing with secured lending finance and with a minimum of three partners. Your solicitors will be requested to provide a cost undertaking to our solicitors.
You can usually expect the valuation report to be returned within 72 hours of inspection. If the valuation report is satisfactory, we will prepare and submit a formal application to CA’s internal Credit department. Once formally approved, the team will issue an offer letter.
We will remain in continual contact with our solicitor and will provide the applicant with regular updates until the loan is completed. The Lending Manager appointed will be readily contactable to discuss any queries that might arise.
Apply now by telephoning 020 3857 6350 or emailing us at email@example.com and speak to a member of our lending team today.