ASK loan assessment and approval process can usually be completed within 72 hours. Upon approval, ASK prepares and forwards the loan contract to you. Funds can be transferred within 24 hours upon receipt of fully completed documentation.

ASK will provide, at all times, a caring and confidential service in a friendly and efficient manner. It is important however to establish that our role is limited to providing a financial facility. We are unable to provide advice or advise your client as to the legal merits of their case or claim.

ASK does not provide financial advice. If your client requires such a service they should contact an accountant or financial advisor.

Security

The security taken on each advance is in the form of an Irrevocable Instruction. This is a document signed by your client instructing you, their solicitor, to repay ASK at the time of settlement should funds pass through your Trust Account.

In the event that the client does not receive a cash settlement, but receives a transfer of real property, ASK will invoke the ‘Consent to Mortgage’ clause contained in the loan agreement. The clause provides ASK with the ability to become a secured creditor post-settlement for the purpose of working with the borrower to have him/her refinance into a standard bank mortgage.

No Law Firm Guarantee

ASK does not require a guarantee from your firm for the loan – as the agreement exists solely between us and the client.

Funds borrowed by your clients are paid directly into your Trust Account on an ‘as needs’ basis to satisfy invoices that have been rendered, or to pay counsel fees or other disbursements. Funds used for client living expenses are paid directly into your client’s account.