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FAQ Category: Process questions

A compilation of our most common questions and answers. If you can’t find the answer you’re looking for please call us or email us through our contact form. We will be pleased to help you.

  • How long will it take before the loan funds would be available?

    There are several factors that determine timescales. It will usually depend on what you need the funds for (e.g. a purchase or to refinance borrowings) and the complexity of the property being offered as security i.e. if it is registered title or not.

    However, there are ways to speed up the process, which we use. On average we find that it takes 16 weeks for you to receive the funds. However, by using the right solicitor and continuing to drive the process, there is no reason why the time to release of the funds should take more than 8 weeks.

  • What other costs are involved when arranging rural finance?

    Typically fees are as follows:

    Lenders fee 1-2% of the loan amount

    Lenders legal fees from £350 for each security property

    Valuation fee of £1.50 per ‘000 of security value. This scale diminishes once security value rises over £1m.

  • How much do you charge and when?

    Our first meeting with you is free of charge and without obligation.  At that time, our fees will be discussed and they will be clear before you commit to us and us to you.

  • Which lenders do you use?

    We currently have a panel of over 30 lenders. We constantly and actively work to improve these existing relationships and to develop new ones. The choice of lender will depend largely on your lending proposal and your circumstances.

  • What is the process?

    • First, we meet with you to discuss your requirement. We compile the relevant information and if necessary create a business plan and financial forecasts.
    • We will submit a detailed lending proposal to our selected banks and lenders.
    • After their positive responses, we introduce you to the selected funding partners and work with you to negotiate with the lenders to get the best rates and terms.
    • Once funding is agreed, outline terms are provided and subject to your acceptance of those terms, you can instruct solicitors and your land and property is valued.
    • The legal process continues until the mortgage is in place over the property that you offered as security and once that is complete, the funds are released.