Communication between introducer and lender is one of the most important elements in getting a deal done efficiently and successfully. With this in mind, Gavin Diamond, Finance Director at market leading bridging lender, Cheval, gives us the insider knowledge of how to ensure you are doing all you can when submitting a case to a lender in his top ten tips to presenting a bridging case...
Tip 1:
Collect as much information as you can from the client or your introducing broker. The lender will make a decision to lend based on the information presented at the outset. If anything material changes during the underwriting of the deal, both the client and the broker may lose credibility in the eyes of the lender. This will almost certainly affect the funding of the current deal, as well as the introducer’s relationship with the lender with respect to future deals.
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