Application Process

An initial desk top assessment of the scheme reviewing the planning permission, drawings and financial appraisal. Indicative terms may then be issued normally within 24 hours.

A site visit and meeting with the borrower. Providing the scheme continues to meet our lending criteria, we will issue an offer letter that sets out the details of the loan facility and the terms of the agreement. On acceptance of our offer and receipt of the necessary fees we will instruct the solicitor, valuer and monitoring surveyor. If required AEF will consider refunding fees, adding them to the Loan Facility.

On satisfactory completion of the professional reports and the legal formalities are signed off, any agreed initial advance can be made and the regular payment drawdowns to fund the construction can commence.