Completing and signing the form enables a loan submission without financial obligation. Honesty about financial history is crucial. Guidance is available, and accurate responses ensure processing and effective advocacy.
To prepare a submission on your behalf, we require you to complete, sign, and return the application form. It is vital that all questions are answered. Should you encounter any difficulties in completing the form, please feel free to contact us for assistance. The application form outlines broker fees, which are only payable once a fully acceptable letter of offer has been obtained. Completing and returning the form does not commit you financially at this stage.
The quoted fee is payable when the advance is drawn down upon completion of the purchase. However, a reduced fee applies if you obtain an acceptable offer but decide not to proceed to completion. In such cases, we consider our contractual obligation fulfilled and request half the usual fee. Signing the form places you under no obligation to borrow money or pay fees until you receive and accept a loan offer.
We would like to highlight the importance of your status, specifically your payment history and whether you’ve avoided County Court Judgments (CCJs) or bankruptcy. Adverse status typically refers to bankruptcy rulings or CCJs registered against you. While bankruptcy limits available options significantly, CCJs may still allow for mitigation, depending on factors such as timing, amount, circumstances, and whether the judgments have been satisfied.
Honesty is essential to enable us to advocate effectively on your behalf. Multiple judgments or a significant judgment under unfavorable conditions could prevent loan approval. That said, certain circumstances—such as disputes arising from divorce proceedings may provide context. Please note that all judgments must be satisfied to be considered for an advance. Ensure the status question is answered clearly with 'yes' or 'no,' and attach details of any adverse status on a separate sheet.
You are welcome to use our services as you see fit, and form completion should not deter you. Feel free to call us for assistance completing the form to the best of your ability often suffices, and we can follow up by phone for clarification if needed. Please remember to sign the form, as unsigned forms cannot be processed and form the basis of our agreement with you.
Learn more, contact Nationwide Business Finance to find out the best options available for your needs.
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