How we operate:

We discuss with the client the nature of the proposal, obtain the scheme details and ascertain the level of funding that will be required. With most residential schemes this involves raising a high proportion of the project costs plus interest roll up. The information that we require is summarised in the brief questionnaire that can be found under the heading "Project Details" on the final page of this website. We will arrange to visit the client and view the site if that is helpful to an understanding of the proposal.

Within 24 hours we expect to prepare a presentation appraisal and approach our funding sources for the appropriate sum. There is no cost to the client in reaching this stage. An indicative offer is normally made by the lender within two or three days of receiving our appraisal. Once a formal offer is accepted by the client, the lender will ask for payment of a fee to cover the professional valuation and their legal costs.

Fees:

The lender’s standard arrangement fee for an agreed and accepted facility is usually 1% to 1.5% of the loan amount.

As completion of the project is achieved and sales of units commence the lender may require an exit fee. The exact terms will be set out in the formal facility letter to be agreed by the client.

As broker, we do not charge any up-front fee. Nor do we seek an arrangement fee in the event we are unsuccessful in sourcing the required funding or if our client decides not to take up the lender's offer.