When the borrower, or their broker, confirm they are happy with the loan Illustration then we issue a formal Offer Letter.

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Our Offer Letter is issued with approval in principle, subject to contract and due diligence, and includes details of the information we will require to process the application.

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The Offer Letter clearly identifies the Gross Loan Advance, details of all Interest and Fees that will be deducted in arriving at the Net Loan Advance.

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The terms of an Offer letter are valid for 5 working days from issue.

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For the Borrower to accept the terms of the Offer Letter we require the return of a scanned copy of the signed Offer Letter and transfer of the Loan Processing Fee to our account.

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Bridging Vat aim to issue an Offer Letter within 3 hours of being requested to provide one.​​