Six simple funding steps

Making it stress free so you can concentrate on the property


  • Step 1

    Your enquiry

    Website and phone

    Step 1

    enquire

    Website and phone

    Your enquiry

    If you’ve bought an auction property and need finance, complete an enquiry form and one of our auction finance experts will be in touch within two hours (if your enquiry is with us before 2pm) to see if our auction finance is right for you.

    Make an enquiry



  • Step 2

    Your application. Our approval

    Website and email

    Step 2

    application

    Website and email

    Your application. Our approval

    If we’re happy that your enquiry fits our criteria, we’ll email you a link to an online application form. It’ll take about 15 minutes to fill in and you’ll need details of each applicant’s occupation, including details of monthly income, to complete it. If approved, we’ll send you an email confirming your successful application and pass it to our underwriting team.

    Apply for funding



  • Step 3

    Underwriting and validation

    Email and phone

    Step 3

    underwriting

    Email and phone

    Underwriting and validation

    Our team of underwriting specialists will complete a credit check, a quick, online survey on the UK Hometrack website, an income assessment and an ID assessment. We'll need proof of income if you're employed, rental income if you're a professional property investor, or accounts information if you're self employed. We'll always keep you updated by email.

  • Step 4

    Legal instruction

    Post and email

    Step 4

    legal

    Post and email

    Legal instruction

    Your solicitor will need to return all documents to us, signed by you, at least 48 hours before the completion date or the date you need funds by. We need:

    • Signed Loan agreement
    • Legal fees
    • Signed Data Protection Notice
    • Signed Direct Debit mandate

    If you’re applying for finance for a company, we’ll also need:

    • Signed Personal guarantee
    • Signed Debenture
    • Board minutes agreeing to the loan

    We'll send an email confirming that we’ve received the documents.

  • Step 5

    Verification

    SMS or email

    Step 5

    Together - Auction Finance

    SMS or email

    Verification

    Once we have your documents back from the solicitor, we’ll make sure all the information is correct. Then we’ll sign them off, transfer the funds to your solicitor, and let you know by SMS or email.

  • Step 6

    Completion

    Bank transfer and email

    Step 6

    mandating

    Bank transfer and email

    Completion

    Your solicitor will complete the sale by transferring the funds to the vendor’s solicitor, who will confirm the transaction has gone through. We’ll email you within five days of completion with all the relevant contact details and information you’ll need to get the most out of our services. 

Build: 1.2.5.22054