Property lending FAQs

1. How do I know whether I’m eligible for property lending?

Complete our online application form or call us.

2. How much I can borrow?

The underwriter takes into account a number of different criteria. This includes your earnings, cash position, deposit amount, current liabilities (credit cards and loans) and your assets. This information determines how much you can pay on a monthly basis – your ‘affordability’.

Your Relationship Manager will then talk to you about your financial position and the sort of monthly payments you will be expected to pay.

3. What’s the average borrowing time?

It depends on what type of property lending you take out. Standard Mortgages are usually anything between 15 and 30 years, depending on your age, but Private Mortgages are often between 3 and 5 years and designed to serve a specific purpose.

4. What if I need a short term property lending solution?

Future Finance are specialists in providing short term property lending solutions. Our bridging loans are a popular short term solution for our clients’ finance needs, and we will always work with you to find the best property lending for you.

5. How long does it take to get approved?

The approval process can be as quick as within 24 hours and can complete shortly after. It all depends on the number of parties involved and the speed at which they progress. Lawyers, surveyors and other providers all need to perform their responsibilities and complete the appropriate paperwork. We pride ourselves on our ability to respond quickly and efficiently. The entire Future Finance process is designed to be robust but quick, and we excel at meeting our clients’ deadlines.

6. What are the various stages?

Stage 1 – Enquiry

This is when you meet with a Future Finance Relationship Manager to talk through your needs, ask questions and consider your options.

Stage 2 – Eligibility

This involves assessing your income and expenditure to come up with your ‘affordability’ rating.

Stage 3 – Application

This involves filling in the relevant application forms. Information required includes: personal and employment details; income and expenditure estimations; an outline of assets held; and your credit history.

Stage 4 – Approval

A decision will be made by the underwriter who will approve or decline your application, based on your affordability and credit history.

Stage 5 – Offer letter

This is the official letter you will receive once your facility has been approved. It outlines your offer and payment details.

7. What information will I need to provide?

You will need to provide personal identification and proof of your address. Most people use their passport and a utility bill and / or a bank statement. However, there are many other forms of identification, including a driver’s licence, property lease and mortgage statements.

You will also need to provide information and supporting documentation on your financial position.

8. Who gets to see my data?

Your key relationship manager and the underwriter.

9. How do you store information on me?

Future Finance creates an electronic and paper file on each and every client. We use a specific, secure IT platform - with password protection - to store all client data and paper copies are kept in locked filing units. We keep your contact details on our Client Relationship Management system so that we can send you useful communications, but you can opt out of this at any time.

10. Will getting a loan impact my credit rating?

Yes. If your loan is serviced according to the agreed terms it will have a positive impact. If you miss a payment, then your credit rating may go down.

11. What happens if I have had a loan refused in the past?

This does not mean that you will be refused if you try again. Talk to one of Future Finance’s Relationship Managers who will be able to assess whether we can help you.

12. What can I do to improve my chances of getting a loan?

Look at ways of improving your credit.

13. I’m not eligible for a conventional mortgage - are there other property lending options available?

Yes, Future Finance is renowned for helping find the right solutions for our customers’ needs. We offer a range of interest-only ‘Private Mortgages’ from our own capital - find out more by talking to a Relationship Manager.

Get approval now with our simple online application form.

Once confirmed, you could have access to funds within days.

Apply Now

Find out why thousands
choose Future.

Hear what our customers have to say.