GLOPEX / YOUR FIRST CONVERSATION

Prepare a clearer finance enquiry.

A concise outline helps us understand your requirement and identify the information needed for a useful next conversation.

1. Start with the objective.

Explain what you want to finance, the amount required, preferred currency and target date. Separate the purchase price from the borrowing request. If refinancing, distinguish the amount needed to repay existing debt from any additional cash you want to raise.

2. Identify the borrower and location.

Tell us whether the proposed borrower is an individual or a business, the country involved and where the property or asset is located. Cross-border transactions need both sides of the picture. For a business, include its legal name and a short description of its activity.

3. Summarise the asset or transaction.

For property, include location, indicative value, existing debt and rental income where relevant. For vehicles and equipment, include the price, specification, age and supplier. For an acquisition, outline the target, proposed price and buyer contribution. The relevant service page explains the starting details for each type of enquiry.

4. Keep the initial form simple.

Provide a high-level outline first. Do not include bank details, identity documents, wallet credentials, passwords or sensitive client information. If supporting documents are needed, discuss the appropriate way to provide them. Introducers should have the client’s permission before making a referral.

5. Compare any terms carefully.

Before accepting an offer, ask for a clear explanation of the total borrowing, net funds available, interest, fees, repayment schedule, security, guarantees and early-repayment conditions. Check any final payment or exit requirement. Seek the appropriate legal, tax or financial advice for the transaction.

Common questions.