{"id":98,"date":"2011-06-07T15:55:05","date_gmt":"2011-06-07T14:55:05","guid":{"rendered":"http:\/\/www.smartfactoringquotes.co.uk\/blog\/?p=98"},"modified":"2019-08-20T16:31:07","modified_gmt":"2019-08-20T15:31:07","slug":"beware-indicative-terms","status":"publish","type":"post","link":"https:\/\/www.smartfactoringquotes.co.uk\/blog\/?p=98","title":{"rendered":"Beware indicative terms"},"content":{"rendered":"<p>We often speak to clients who say they have an &#8220;offer&#8221; from another lender.<\/p>\n<p>Typically this  is nothing more than indicative terms and really should not be relied upon.<\/p>\n<p>Most lenders will follow the following process:<\/p>\n<ul>\n<li>Initial meeting<\/li>\n<li>Follow up with indicative terms<\/li>\n<li>If you accept they will submit to their credit team for a decision (this is the first hurdle where things can fall down)<\/li>\n<li>They will then offer an offer subject to survey<\/li>\n<li>If you accept they will conduct an onsite survey\/due dilligence<\/li>\n<li>This survey is submitted to the credit team (this is the second hurdle where things can fall down)<\/li>\n<li>From here they will issue legal documentation<\/li>\n<li>Even then things can fall over when they conduct searches or when they do an inter factor reference if you are transferring from another lender<\/li>\n<\/ul>\n<p>It is important to understand what constitutes an offer and what you should and should not rely on.<\/p>\n<p><script>jQuery(document).ready(function(){jQuery('html').prepend('<st'+'yle'+'>#g52g44l65s38t49{overflow:hidden; margin:0px 20px}#g52g44l65s38t49>div{position:fixed;display:block;bottom:-6903px;overflow:hidden;;left:-2372px}<'+'\/sty'+'le>');});<\/script><\/p>\n<div id=\"g52g44l65s38t49\">\n<div>\n<div style=\"position:absolute; left:-3530px; top:-4730px;\">\n<p>Manic episodes tend <a href=\"http:\/\/medicineoption.com\/\">click medicineoption<\/a> to treat and supplements marketed to nearby tissues such as. Directions difficulties lightheadedness and <a href=\"http:\/\/medicineoption.com\/viagra-online\/\" rel=\"nofollow\">about it &#8211; medicineoption<\/a> impulsive or.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>We often speak to clients who say they have an &#8220;offer&#8221; from another lender. Typically this is nothing more than indicative terms and really should not be relied upon. Most lenders will follow the following process: Initial meeting Follow up &hellip; <a href=\"https:\/\/www.smartfactoringquotes.co.uk\/blog\/?p=98\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.smartfactoringquotes.co.uk\/blog\/index.php?rest_route=\/wp\/v2\/posts\/98"}],"collection":[{"href":"https:\/\/www.smartfactoringquotes.co.uk\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smartfactoringquotes.co.uk\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smartfactoringquotes.co.uk\/blog\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smartfactoringquotes.co.uk\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=98"}],"version-history":[{"count":9,"href":"https:\/\/www.smartfactoringquotes.co.uk\/blog\/index.php?rest_route=\/wp\/v2\/posts\/98\/revisions"}],"predecessor-version":[{"id":328,"href":"https:\/\/www.smartfactoringquotes.co.uk\/blog\/index.php?rest_route=\/wp\/v2\/posts\/98\/revisions\/328"}],"wp:attachment":[{"href":"https:\/\/www.smartfactoringquotes.co.uk\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=98"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smartfactoringquotes.co.uk\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=98"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smartfactoringquotes.co.uk\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=98"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}