Property details for funding over $30,000

Why does Fundtap ask for property details?

If you are applying for a facility over $30,000, an extra step will appear asking for property details. We do not place any proactive caveats against property. For facilities over $30,000 we hold property details on file as an additional layer of support on the account. We ask about one property and for a recent mortgage statement, so we can understand the financial position of the business and its owners.

How do you complete the property details step?

Follow these steps when the property details screen appears during your application:

1. Search for your property by street number and street name using the address search field.
2. Select the correct property from the results that appear as you type.
3. Choose how the property is owned — Personally Owned, Owned by a Trust, or Owned by a Company — and complete the additional fields that appear for each option (see How the property is owned below).
4. Upload a mortgage statement from the last three months in PDF, JPG, PNG, or HEIC format, no larger than 5 MB. If there is no mortgage on the property, tick I don't have a mortgage instead.
5. Select Continue to proceed to the next step of your application.

Troubleshooting

The address search does not find your property

Type slowly and start with the street number and street name. Wait a moment between keystrokes — the search runs as you type. If your property still does not appear, please contact us at info@fundtap.co.

Which property should you enter?

Enter a property owned by the business, by an owner or director, or by a trust or company connected to them. If there is more than one qualifying property, enter the one with the most equity. If nobody connected to the business owns property, please contact us at info@fundtap.co before continuing.

You do not have a mortgage on the property

Tick I don't have a mortgage. You do not need to upload anything, and Continue will then activate.

Your mortgage statement is too old

Please provide one from the last three months. 

The statement will not upload

It must be PDF, JPG, PNG or HEIC, and 5MB or smaller. 

Can you hide the transactions?

Yes. We need to see the property, the lender and the balance. You can black out anything else.

How the property is owned

• Personally Owned — add the owners by name, with an email and mobile for each.
• Owned by a Trust — enter the trust name. A Trust Details step is added for it.
• Owned by a Company — enter the company name. A Supporting Company Details step is added for it.

The property is owned jointly with someone outside the business

Please add them as a property owner anyway. We will not contact them without your consent.

You changed the ownership answer and a step vanished

The trust or company step belonged to your previous answer, so it is removed with it.

For any other questions or issues, please contact us at info@fundtap.co.