Our Process
Step 1 - Enquiry
Make an enquiry using our quick quote form on our website or by emailing us at loans@saxontrust.com. If you want to speak to a member of the team, give us a call on 020 368 6340.
Our team will come back to you within 24 hours with any further information we require, or to provide you with headline terms, and to discuss your enquiry and the next steps to moving to a decision in principle.
Step 2 - Application
Our application form is easy to complete and gives us all of the information needed to produce Heads of Terms (HOTs). Information requested includes details of the project, your past experience and personal ID.
Step 3 - Assessment
After terms have been discussed we will move quickly to provide an indicative decision in principle (DIP). Once the DIP has been returned and an application fee has been paid, we will be able to instruct a formal valuation.
Valuations ensure that the relevant property is suitable to serve as security for the loan and is of the value stated during the enquiry and application.
Step 4 - Legals
Before our lawyers can start work, we will either need to hold the legal fees on account, or your solicitor will need to provide an undertaking for the fees. We aim to run all processes concurrently, including legals. This ensures loans can be completed as quickly as possible.
Our fees are fixed when standard documents and processes are used. Any non-standard fees will be agreed prior to application.
Step 5 - Loan
Once our legal team have completed their checks and are satisfied, we can move to completion. At this stage, we'll make one final check of all the information and ensure all of our requirements have been met.
Drawdown can then take place, with funds paid to your solicitors on your behalf.
