A Guide to GWLifetime

What we do…

On Receipt of Instructions

• Acknowledge receipt of instructions to the client and the introducer 
• Send a Terms of Business letter to client
• Request ID 
• Request Redemption Statement(s) from current lender(s) n- if applicable 
• Request Title Deeds (If Leasehold - Request details of freeholder from client/introducer)

On Receipt of the Lifetime Mortgage Offer

• Report on offer & prepare Mortgage Documents (and Transfer Documents if applicable) for the client
• Confirm completion statement and fees with client and introducer
• Set completion date - 20 days
• Forward signed documentation/SHIP certificate and replies to lender requisitions

On Completion

• Receive balance of  funds from lender solicitors
• Pay any balance due to the client
• Pay any fees due to the introducer within 48 hours

We aim to complete within 20 days of receipt of the mortgage offer
Please note that cases which are unregistered  or  leasehold  title or involve a transfer of  Equity or Home Reversion can take longer to complete. Also please note in such cases extra charges may be applicable.