Top Ten Tips to Commercial Credit Committee Approval: Tip 3

Top Ten Tips to Commercial Credit Committee Approval: Tip 3



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Getting your client’s commercial mortgage application approved by a credit committee can prove challenging as lenders processes and criteria are often vastly different and gathering the information requested can seem overwhelming.


Talking us through the best way to get your commercial application approved, Rob Lankey Managing Director at Aldermore Commercial Mortgages gives us his top ten tips…


 

Tip 3: Corral your facts


Gather as much information as possible in support of an application. Lenders are understandably cautious in recessionary times and the more information you can provide, the clearer a picture they will be able to form of the merits of the application. 


The larger the loan application, the more supporting information a lender will expect to see. Do go digging if the information your client gives you appears to be incomplete; if it doesn’t make sense to you it won’t make sense to a lender.

 

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