Development Loan Application Process

Transparent development finance. A step-by-step guide to securing a development loan with us.

Get in touch with us to discuss your project and borrowing requirements.

Phone: 0207 459 4562

Email: contact@teloscapital.co

Fill out our Development Loan Application Form

STEP 1

Enquiry

After discussing and reviewing the fundamentals of your loan application and project, 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, monitoring surveyor and solicitor.

We will also begin our own internal due diligence and anti-money laundering (AML) and Know Your Customer (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. These fees will be deducted from your loan advance.

STEP 4

Legals

Our appointed valuer and monitoring surveyor will contact you directly to collect payment of their fee, arrange access to the security property and to request any other information they need in order to complete their reports.

Once completed, both the valuer and the monitoring surveyor will send us their respective reports to be used as part of our due diligence.

STEP 5

Valuation & Monitoring Surveyor

We will meet with you and undertake a site visit as part of our own due diligence. We usually accompany the monitoring surveyor on the same day they visit the site.

STEP 6

Site Visit & Meeting

After reviewing all reports and agreements, finalising the legals, and completing our internal due diligence, we will be ready to complete your development loan. You will be able to draw down on the first tranche in line with the terms of your offer letter / facility.

STEP 7

Completion

STEP 8

Repayment

Once your project is complete your loan will be repaid from the sales proceeds.