Our Process

Whether you’re wanting to refurbish a buy to let or acquire a chain of restaurants, at 978 Finance Ltd we specialise in bridging and property development loans.

Based in the North West of England, we work with clients nationwide to ensure they receive the assistance they need.

Always on hand to help you…

Below we’ll walk you through our tried and tested process. From finding out more about your needs to celebrating your success at the end, our team are always on hand to help.

For more details or to make an enquiry, call us on 01524 889978 or fill in our contact form.

Our 5 Step Process:

1: BUILD YOUR CASE – We do this via meeting on skype, facetime, over the phone or ideally in person. We get to know you and your project as well as your experience and vision. That way we can build a robust case to our lenders. We avoid you having to go back and forth repeatedly by taking all the most important information on this first meeting and then following up with a list of the most commonly requested supporting documents. Once we build this file for you, we protect it and improve it as we work together over the years.

2: CREATE COMPETITION – With hundreds of lenders to choose from it is impossible for a borrower to find the best deals. We speak to lenders every single day; we are aware of new products and we get preferential rates as we are seen as a massive value add to the lenders. We know who will have an appetite for a deal like yours and go to two or three who are likely to fund it. We sell you and we sell the project and once they are hungry for the deal, we get multiple lenders to compete for your business. This can be done quickly due to our knowledge and experience and it is not uncommon for us to have credit backed terms for you within a couple of hours. We have the underwriter on speed dial so if there are any quirks in the deal, we speak directly to them and make sure they are comfortable.

3: MAXIMISE THE VALUATION – It is very important for you to get the best valuation when you are going to borrow. A low valuation can kill a deal. We deal with RICS valuations every day of the week and know how to help increase your chances of getting the valuation you need. Although there is a standard to follow there are ways to ensure your deal and you as a borrower are presented in the best light. Our bespoke valuation pack can help you to ensure you get the borrowing you need.

4: SUPPORT THE LEGAL PROCESS – We are ready to help you get rid of the headaches of the conveyancing procedure. We have supported legals on single flats and large developments and know this is where you lose time. At your request we take a full list of the requisitions and support you and your solicitor to tick every box as quickly as possible. We are often liaising with 5 parties: Lender, Lenders solicitor, RICS valuer, you and your solicitor. Having us as a neutral party in the middle of this complicated situation supporting your case is hugely beneficial. We have regularly rescued deals through our experience and creative thinking when unforeseen circumstances have cropped up during the legal process.

5: MONITOR PROGRESS LONG TERM – The finance is now secured, and you are taking your property business to the next level, but our support does not stop there. We check in periodically and keep an eye on your redemption date. If you lose a couple of weeks due to bad weather, we will help to keep the lender comfortable. If things slip a little (and they often do) we negotiate with the lenders on your behalf to keep you on a reduced rate of interest for a little longer.

To summarise…

978 Finance saves you all the headaches of looking for a lender in a complicated and evolving market.

978 Finance saves you money, we have more influence over lenders due to the amount of deals we bring them so will get you cheaper rates.

We thoroughly believe that time is the most valuable commodity on this planet and we can save you lots of it!

Time you can have to focus on your next deal or time to spend with your family giving you the peace of mind that you are getting the finance you need with no stress involved.

Based in Lancaster, Lancashire, we work with clients across the country. To start your journey and find the perfect property development loan, please call us on 01542 889978. Alternatively, you can fill in our contact form and a member of the team will be back in touch as quickly as possible.