Direct Lending
The 5 steps to funding your project
1
Application
The first step is to make contact with us at Boundary Finance.
We would need to know the following basic information about the development: Location, Description of development, Purchase Price, Build Costs, Planning Status and Loan Requirements.
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2
Decision In Principle
Once we have received the basic information, we will provide you with a Decision in Principle.
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We endeavour to get this to you within 24 hours of enquiry.
Surveyor
If all is agreed following our ‘offer’, will arrange a meeting with our Surveyor who will initially commence with the desktop study and then visit the site to produce a development viability appraisal for us.
This goes through your figures and assesses the market for the end product. Once the report has been produced and reviewed, we will then instruct our legal team
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4
Legal Instruction
Our legal team will go through searches and assess whether the title is clean and marketable and confirm that our 1st charge is secure.
They will also produce a ‘Facility document’ outlining all terms and conditions on the loan for you to sign. Once signed the loan is ready to commence.
Agreement and Funding
Our solicitor will transfer the initial tranche of funding to your legal team, who will then release funding to you.
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The loan is now LIVE. All subsequent drawdowns during the build will be sent directly to you.
Contact us today
We are always looking for new and exciting opportunities.
Contact us for more information on
01825 520105 or by email at info@boundaryfinance.co.uk