To begin the application process, you will need to complete an application form on your client's behalf, and attach an accompanying insurance policy from one of the approved scheme insurers. You can access this via your dedicated online portal which is available once you have signed the Global Terms agreement with Novitas.
If Novitas approve the loan application, loan documents will be sent to the client directly. The client can take independent legal advice (ILA), which they pay for directly or sign an ILA waiver. They will then return their signed documents, to Novitas.
Once Novitas receive the signed documents there is a statutory 14 days cooling off period before the first drawdown can be made, with your client's approval.