Knowledgebase

tel: 01656 661121

Q: How long before my client gets paid?

A: The speed at which this can be done can be affected by many things, if a building society questionnaire is required by the lender, if other names appear on the Voters Roll etc. The longest time it has taken is 3 months but this was mainly due to the client’s lack of response and incorrect information being supplied.

Concise information and a full initial application can help speed up completion in all cases.

Q: What rate will my client get?

A: Rates can vary depending upon clients credit score, rates vary from 7.9% to 29.9% allowing us to help customers even with severe credit problems. You will be notified once we have scored your client and a plan number is allocated

Q: Can you deal with secured loans in Northern Ireland?

A: No.

Q: Is my client charged a fee?

A: We reserve the right to charge a fee as many companies no longer pay commission. This is done because costs can be incurred to get a loan to pay out, so to enable us to pay you generous commissions and stay in business we need to do this.

Q: What is the minimum and maximum repayment term?

A: Minimum of 5 years with a maximum of 25 years.

Q: My clients are married but only the husband wants to borrow money?

A: Applicants that are married or joint owners of the property MUST become joint borrowers. It therefore follows that both applicants must complete and sign the application form, the authorities and legal documents.

Q: Are there any unacceptable properties?

A: Yes

Freehold flats in England or Wales
Part owned or shared ownership properties
Properties with agricultural restrictions
Full or partial commercial use
Any property excluded under the Housing Defect Act 1984 and Housing Act 1985

Q: Can we be contacted to discuss a case before proceeding?

A: Yes of course, we encourage IFA’s, to speak to us first, in many cases this will help us to gain a feel for your client and be able to match them to the correct product.