While every funder is different, they will largely require similar documents. These typically include a combination of the following:

Identification: Drivers License, Passport, Visa Grant Notice.
Income: payslips, tax returns, notice of assessments.
Account Conduct: Bankstatements.
Property Ownership: Rates Notice.

Some funders will require less, some will require more. The above list is as an example only.

This depends on the complexity of the application, but we aim to have all Statement of Islamic Finance Assistance Reports prepared for our clients within 3 business days from the date we receive the refundable fee. Some reports can be prepared faster e.g. a single applicant purchasing a house, some reports may take a little longer e.g. multiple applicants using companies / trusts to purchase multiple properties.

We manage the application from start until finish. You do not need to call the funder; you can call us for updates on the application and we will do our best to provide updates in a timely manner.

This varies depending on how busy the funder is and the complexity of the application. Traditionally when rental rates go down a funder gets busier, when rental rates go up a funder gets slower. Their service levels are dependent on the current demand for their services at the time of application. We will let you know the estimated time fame at the beginning of the application.

Yes, it is very common for a funder to ask questions about an application after they receive it. As we are asking them to co-invest in property with us, they will want to make sure that they do the standard due diligence prior to granting us Full Approval.

Most funders ask standard questions about your employment history or previous borrowings to get an idea of your ability to meet your proposed monthly commitment to them.

Very very rarely. We have an approval rating of over 99%. Part of our high approval metric is our commitment to pre-submission checks. After our initial meeting, we conduct a policy assessment to ensure that your personal circumstances matches up with the funder finance criteria. This ensures that all applications are strategically placed, and we never submit and ‘hope for the best’. If a loan is declined due to error on our part, your fee will be refunded, and we will apply to the second funder in our recommendation.

For all purchase applications and some refinance applications, we strongly recommend that you speak with a solicitor / conveyancer .

On settlement day, your funder will make payment of the monies and the service will come to an end. We will contact your funder to ensure everything was paid correctly and all of your new accounts are set up properly and we will notify you when to expect you first payment.