Step 1 – Lender Due Diligence

In an ideal world a lender’s due diligence would be complete before their lawyers are instructed. However we recognise that borrowers only tend to stop “shopping” their loan once security documents are issued. We therefore encourage our clients to provide instructions as soon as they have enough information to allow us to issue documents.

Should the loan not proceed our fees are extremely modest. We require a flat $1,000 deposit on the legals (deposited by the borrower into our trust account) or an undertaking by the lender to pay $1,000 if the loan does not proceed. This sum is only designed to ensure we are not out of pocket for searches. We are prepared to loss lead on loans that fall over to ensure your business is competitive.