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The Asset Refinance Application Process

Asset refinancing might seem daunting at first, especially if you've never navigated this financial pathway before. At Red Fox Finance, we aim to simplify the process, making it as straightforward and stress-free as possible for you. In essence, asset refinance involves leveraging assets you already own to release capital that can be used to enhance your business operations. Let's guide you through the application process, step-by-step

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Initial Consultation
1. Initial Consultation

Our journey begins with an initial consultation, where we seek to understand your business needs, aspirations, and the assets you aim to refinance. Our expert consultants will discuss the value of your assets and explore your financial situation to get a clear picture of what you're looking to achieve.

In depth Business Assessment
2. In-depth Business Assessment

Following the consultation, we conduct a comprehensive business assessment. We evaluate your financial health, inspect your balance sheets, and analyse your cash flow. This evaluation offers valuable insights into the viability of the refinance proposal.

Asset Valuation
3. Asset Valuation

An integral part of the application process is the valuation of your asset. We work with trusted valuation experts to ensure an accurate, fair market value assessment of your asset. Remember, a higher valuation increases the amount of capital that can be released through refinancing.

Matching with a Lender
4. Matching with a Lender

Once we have a detailed understanding of your financial standing and the value of your assets, we move on to matching you with the appropriate lender. Our panel comprises 79 esteemed lenders, including those specialising in asset refinancing. We use our deep knowledge of their specific requirements to match your needs with the right lender.

Application Submission
5. Application Submission

After identifying the best-fit lender, we compile and submit your application. This includes all necessary documentation, including proof of ownership, asset valuation reports, financial statements, and any other required information. We ensure the application is comprehensive and meticulously crafted to maximise your chances of approval.

Negotiation and Approval
6. Negotiation and Approval

Our role doesn’t stop at application submission. We stay involved in the process, liaising with the lender, and negotiating on your behalf to secure the most competitive interest rates and favourable terms. Once approved, the new loan pays off any outstanding finance on the asset and the surplus amount is released for you to use as you see fit.

Post Approval Support

Post-Approval Support

Even after your application is approved, we continue to provide support, helping you understand the repayment schedule and answering any queries you might have. At Red Fox Finance, we understand the complexities of asset refinancing and work diligently to make the process seamless and beneficial for your business. We’re with you every step of the way, ensuring your journey to asset refinancing is a smooth and successful one.

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The fastest and the most real time funding application in the UK. 79 lenders waiting to provide funds
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Refinance application process

Guidance is essential for a successful refinancing application and approval. Start with an initial overview and, for a more expansive view, head to our comprehensive refinancing solutions. Prequalification is an essential step; discover how to prequalify for refinancing. Interested in what assets you can refinance? Delve into our guide on refinancing different assets.

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