Based on a number of caveats, which assumes immediate valuation and legal payment, no building surveyor, property access and quick response times from all parties, the decision is supported by figures showing 81% of cases are currently completed within 10 working days when the stipulations are met.
Aspen Bridging now aims to take the majority of business from enquiry to completion in just three to 10 days.
Based on a number of caveats, which assumes immediate valuation and legal payment, no building surveyor, property access and quick response times from all parties, the decision is supported by figures showing 81% of cases are currently completed within 10 working days when the stipulations are met.
The lender promised to supply a fully-costed quote in the first 15 minutes and will move from a submitted DIP to a post-search DIP in a maximum of three hours.
The initial online enquiry through to post-search DIP has been created to ensure that every agreed application has the maximum chance to reach completion should the information provided remain consistent.
At present 93% progress to post searches with later fall-off largely coming through customers withdrawing or down-valuations.
All steps in the process are controlled through a philosophy of one person per case, site visits from the experienced underwriting team to every property at valuation stage.
Other steps include close partnerships with third-party firms such as valuations specialist VAS Group and expert solicitors including Fieldfisher LLP and Brightstone Law.
