Frequently Asked Questions
There are tremendous opportunities in Commercial finance, Residential Secured loans, Bridging finance and Unsecured loans, even in these volatile times. As income is reducing within the mortgage market place, niche markets need to be explored to capitalise in shortfalls of earning capabilities.
Knock Knock Solutions can help you!
The choices for clients are huge and Knock Knock Solutions can help you earn income, retain clients and generate an additional long term income stream offering a wide range of products. Knock Knock Solutions can source great deals, whether the applicant has provable income, CCJ’s or any adverse credit etc.
1. Who are Knock Knock Solutions?
We are packagers – we act in the same way as Residential Mortgage Packagers but arrange Commercial finance, Secured lending and Bridging finance plus many other products of all types and all amounts. We have many attractive features, which include;
- Our staff have many years experience and are friendly and approachable to individual needs.
- We have an extensive panel of lenders.
- We are a business dedicated to helping you- our introducers- help your clients raise finance.
- We are a member of the NACFB – the National Association of Commercial Finance Brokers, and FISA - the Finance Industry Standards Association, who govern standard in the finance sector and whose guidelines we adhere to.
2. What type of finance can Knock Knock Solutions arrange?
We offer a wide range of finance and specialise in;
- Commercial finance.
- Residential secured loans.
- Bridging finance.
- Unsecured loans.
- Plus many more, please call us with any type of enquiry.
3. What do I do if I have an enquiry?
If you have an enquiry please complete out online D.I.P. form or alternatively download an enquiry form from the PDF library section of our website and fax us on 01904 567367. Should you like to discuss a case first, please feel free to contact us on 01904 567353 and we will be happy to answer any questions.
4. How involved am I with the clients application?
This is entirely up to you! If you only want to pass on your clients telephone number then we will be happy to take everything forward from there, and give you regular updates through to completion. However, if you would like us to communicate each stage of the deal with you we are more than happy to oblige. Please call us to discuss this further.
5. What loan amounts do Knock Knock Solutions deal with?
We deal with loan amounts as follows:-
- Commercial finance – Minimum £30,000 with no maximum.
- Secured loans – Minimum £10,000 up to £100,000.
- Bridging finance – Minimum £25,000 with no maximum. We can arrange loans below £25,000 if the client is a limited company.
5. Do Knock Knock Solutions charge fees?
Yes, the fees are directly connected to the type of product the client requires. Outline details are on our commissions page or alternatively speak to us to discuss in more detail.
6. What interest rates can be achieved?
This depends entirely on the product, the lender and the clients’ individual circumstances. Once we have spoken to you and determined the best deal for the client, we will be able to give you an indicator of the rate available.
7. Do I need any qualifications to become an introducer?
No. The products which we specialise in are not regulated, and therefore you don’t require any qualifications to introduce business to us. However, we do require a copy of your Consumer Credit Licence.
8. What experience do I need?
None – we have all the product knowledge and relevant experience necessary. We have built excellent relationships with our lenders so you can rely on us to do everything we can to help you and your client throughout every stage of the application.
9. How many lenders do Knock Knock Solutions have on their panel?
Across all products we specialise in, we have whole of market coverage. We are able to place all genres of client from prime to sub-prime and are not limited to specific lenders. We believe in sourcing the best deals for your clients, and therefore will approach any lender to achieve the best deal possible.
10. Do Knock Knock Solutions have their own DIP form?
Yes. You can either transact business online or alternatively visit the PDF Library section of our website for a downloadable version, or contact us and we will email you a copy.
11. What are the opening hours of Knock Knock Solutions?
We are open at the following hours:
Monday–Friday 9.00 am – 6.00 pm (Mainland UK & Northern Ireland)
Saturday 10.00 am – 2.00 pm (Mainland UK)
12. How much can I earn?
This is very much dependant on the product, lender and client type. Details of our fee's and commission can be found on the specific products sections of our website.
13. Where do I get additional enquiries from?
Here are some tips:
- The best place to start is your existing client bank.
- Tell your client bank that you now transact other products such as Commercial finance, Secured loans, Bridging finance and Unsecured loans (word of mouth).
- Send out emails or mail to your clients/introducers.
- Tell your friends and family.
- Advertise on your web etc.
14. What benefits are there for me passing on my clients details and letting Knock Knock Solutions go direct to my client?
- We will contact your clients the same day and update you; we know how important it is to keep you and your clients updated. We will keep you updated all the way through the case until completion.
- We have the experience and knowledge to ask your clients the right questions to underwrite a case.
- We can answer clients' questions immediately and re-assure them that we are seeking the best terms we can for their own circumstances.
- You still benefit from the same level of income.
- You still retain your client for residential mortgages etc.
- We would pay commission to the broker on any future finance arranged with the same client.