Bridging Finance Process
Our exclusive broker partner, Crystal Business Consultants, will guide you through the full process from completing the application form to ensuring you have funds in your account.
● Borrower completes the facility application form and pays the application fee of £495.00
● We obtain ID and proof of address and evidence of the source of funds.
● We review the application form and prepare a proposal for approval.
● Chestnut approves the proposal subject to valuation and due diligence.
● We prepare the Offer in Principle for signature by the Borrower.
● We obtain ID and proof of address and evidence of the source of funds.
● We review the application form and prepare a proposal for approval.
● Chestnut approves the proposal subject to valuation and due diligence.
● We prepare the Offer in Principle for signature by the Borrower.
● Borrower pays the valuation fee.
● We instruct RICS surveyor for valuation.
● Borrower arranges with the valuer to carry out the valuation
● Upon receipt of the satisfactory valuation report, solicitors are instructed to act for the lender.
● We instruct RICS surveyor for valuation.
● Borrower arranges with the valuer to carry out the valuation
● Upon receipt of the satisfactory valuation report, solicitors are instructed to act for the lender.
● Borrower will instruct their own solicitors.
● We will instruct solicitors in accordance with the facility Offer in Principle.
● Solicitors will carry out due diligence and arrange for the security documentation to be signed in readiness for completion.
● Solicitors will issue safe to lend to Chestnut.
● Chestnut will sign the security documents.
● We will instruct solicitors in accordance with the facility Offer in Principle.
● Solicitors will carry out due diligence and arrange for the security documentation to be signed in readiness for completion.
● Solicitors will issue safe to lend to Chestnut.
● Chestnut will sign the security documents.
● Borrower’s solicitors will submit the request for funds.
● Chestnut will release funds to Solicitors.
● Solicitors will carry out final pre-completion checks.
● Chestnut will release funds to Solicitors.
● Solicitors will carry out final pre-completion checks.
● Solicitors will formally complete and release funds to the Borrower’s solicitors.
● Solicitors will attend to the registration of the security documents.
● Solicitors will send confirmation of the security registration to Chestnut.
● Solicitors will close file.
● Solicitors will attend to the registration of the security documents.
● Solicitors will send confirmation of the security registration to Chestnut.
● Solicitors will close file.
Eligibility Criteria
- UK resident
- Loan is for business purposes
- Adequate security
Required Documents
- Valid identity and proof of address documents
- Source of funds evidence
- Repayment proposal
- UK resident
- Loan is for business purposes
- Adequate security
- Valid identity and proof of address documents
- Source of funds evidence
- Repayment proposal