Bridging Loan Application Process
From enquiry to completion. A step-by-step guide to securing a bridging loan with us.
Get in touch with us to discuss your borrowing requirements:
Phone: 0207 459 4562
Email: contact@teloscapital.co
Fill out our Bridging Loan Application Form
STEP 1
Enquiry
After discussing and reviewing the fundamentals of your loan application, we aim to provide you with indicative terms or a ‘quick’ no within 24 hours.
STEP 2
Application
After you accept our offer we will instruct our valuer and solicitor.
We will also begin our own internal due diligence and anti-money laundering/KYC checks.
STEP 3
Proceeding
Our solicitor will issue your solicitor with our formal offer letter/facility agreement together with our legal requirements. Before the legal process can proceed, you will need to provide our solicitor with an undertaking for their fees.
Please see a guide to our legal requirements here.
STEP 4
Legals
Our appointed valuer will contact you directly to collect payment of their fee and arrange access to the security property.
Once completed, the valuer will send us their valuation report.
STEP 5
Valuation
After reviewing all reports and agreements, finalising the legals, and completing our internal due diligence, we will be ready to complete your loan. The loan will be available to be drawn according to the terms of your offer letter / facility.