our process

We aim to make the process of securing short term funding as straightforward and transparent as possible.  Our Short Term Funding Team is here to talk you through the process and answer any questions you have.

 Straightforward.

Transparent. Quick.

 From your first call to our dedicated short term funding desk, we will explain clearly what we offer and the process entailed to complete an application for your client.  This means that there are no surprises when it comes to costs or timescales. 

We take a personal approach to every case, carefully researching cashflow requirements and matching these with the best and most competitive product for your client, 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 your clients.

Initial Enquiry

Call our specialist short term funding desk for free advice on your client’s project.  We’ll provide you with everything you need to progress your client’s enquiry.  We will outline fees, interest rates, professional costs including valuation and solicitor costs and a list of questions we need answered to provide you with a formal Decision in Principle.

No upfront fees payable.

Fact Find

Meet with your client to complete fact find.  If you already have required information, we can proceed straight to Decision in Principle.

Decision in Principle

Decision in Principle requested.  An approved decision usually the same day – up to 24 hours.

Official Underwritten Decision and Application Form

We’ll run through the decision with you so that you fully understand what is being offered.  You can then fully discuss the option with your client.  We’ll help you complete all of the paperwork and package the case in the best possible light to the lender with a sound exit strategy – correct first time.

Property Valuation

Once your application is fully packaged, credit searched and underwritten, it’s then time to instruct a valuation – the client pays for the valuation at this point.

Formal Offer of Funding

Once we’ve received the valuation and have confirmation of the valuation figures, a formal offer will be produced. A £995 arrangement fee is payable at this point.

Legals

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.

Completion

Once all legals are satisfied, funds will be released and the case will complete.

BROKER TESTIMONIALS

“Mike was knowledgeable and happy to answer all of my enquiries on the telephone when we were calculating the client’s borrowing capabilities.  He helped me understand the costs and the process and I had confidence that the deal would be done should I place the business with BuildLoan.

I was extremely happy with how my enquiry was handled by BuildLoan.  I asked many questions and they were all answered and appeased my client’s concerns.  Mike was superb and happy to contact the client, while offering support to me and my client at every turn.  He was great at returning calls and pushing the case along to meet the required timescales.

I would definitely recommend future business to BuildLoan along with recommending them to other brokers.

SARAH LAMBERT, MORTGAGE BROKER, FIDUCIA COMPREHENSIVE FINANCIAL PLANNING LTD

“I have placed business with BuildLoan for many years and I can usually get better deals going through BuildLoan as opposed to the lenders directly.  I’m always very happy with how my initial enquiries are handled and the guidance received – the service is great

TIM TURNER, MORTGAGE BROKER, MORTGAGE CORNWALL

 “Karin has been very patient and understanding with this whole application.  At all times Karin was on the ball with updates and any further information that was required was dealt with right away.”

CRAIG ROSS, MORTGAGE BROKER