Straightforward Process
Before you decide to apply for a loan Parity Trust offer a free initial consultation service. We will explain –
- The application process
- Our product range
- Whether it’s likely we can lend (Any loan offer will be subject to eligibility further to the completion of various checks & a full financial review)
You are welcome to download our leaflet, which provides a summary of the loan types available and details about the application process.
5 steps to a
better home
Step 1
We will arrange a time with you to carry out a financial review either online or via a home visit. At the appointment we will run through your income, expenditure, savings and any borrowings.
Step 2
A credit check will be undertaken together with verification of property ownership.
If you have a mortgage we may need to seek consent from your provider to register a further charge against your property.
Step 3
Subject to approval, we will send you a Loan Illustration pack. If you decide to proceed you will simply need to sign and return a copy of your loan application to us.
Step 4
On receipt of your signed application we will issue you with your Formal Loan Offer pack which will include your main loan agreement and a legal charge. You should seek independent legal advice if you have any doubts or concerns prior to signing the agreements
Step 5
Once we have received all the signed paperwork we will submit an application to register our charge to HM Land Registry. Typically the loan will be secured within one or two weeks. When we have received confirmation that the loan has been secured we will notify all relevant parties.
Social Impact
Through our lending activities, we help to ensure that homeowners who may be unable to access mainstream finance are able to invest in their property. We are also proud to support independent living by providing older homeowners with the finance for adaptations, repairs and improvements required to live in their own home for longer. Being an ethical & socially responsible lender, we pride ourselves on achieving positive outcomes for our clients.
over
60%
of our clients have been aged 60+
more than
1,000 people
have benefitted from home repairs and adaptations
more than
1,750
financial reviews have been completed
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