| Typical Approach |
|
|
|
|
1) Initial contact with potential client usually through SupaWall® Licensee 2) Complete Mortgage Fact Find + sharing of information document 3) Analyse client's requirements 4) Approval to proceed to DIP (Decision In Principle) 5) DIP to Lender 6) Accept/Decline 7) Advise client accordingly 8) Advise panel solicitor (if applicable) 9) Application to Client requesting supporting documentation 10) To comply with FSA regulation, Self-Builder will ensure suitable life cover and repayment methods are discussed with client(s). 11) Return of application and supporting documentation 12) Proof of deposit funds to be demonstrated in an acceptable durable medium 13) Instruct valuation report 14) Application to Lender requesting release of funds at set stages 15) Offer of Advance Issued, Condition of Advance Initial, Interim and Final Funds released via Solicitors Account. You may or may not require this facility 16) Initial funds released to nominated solicitor 17) Interim and final valuations to be instructed
|