Top Ten Tips to commercial credit committee approval: Tip 8

Top Ten Tips to commercial credit committee approval: Tip 8




.

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 Mortgagesgives us his top ten tips…

Tip 8: Establish who else is involved in the deal

When loan applications involving larger sums are submitted on behalf of trading businesses, there is a reasonable chance that the business has a range of other finance facilities in place. You’ll need to find out who they’re with and what other lenders may have an interest in the transaction.

Leave a comment