The Money Centre (UK) PLC and its employees, associates, directors, shareholders and franchisees are hereafter referred to as 'The Money Centre'.
The Money Centre is a full member of the National Association of Commercial Finance Brokers (NACFB) and has agreed to abide by the Code of Practice of the NACFB in respect of arranging commercial funding and residential investment mortgages.
The Money Centre gives no guarantee of the procurement of a finance facility.
The Money Centre does not, nor does it purport to, offers advice as to whether it is appropriate for their clients to proceed with any finance facility. This is a matter for the client to decide upon.
Fees for consultancy work provided by The Money Centre will not be billed providing brokerage fees equal to 1% of the gross mortgage offered are paid within seven days of the mortgage offer date and subject to the formal mortgage offer being on terms previously quoted by The Money Centre or on alternative terms otherwise acceptable to the borrower.
The Money Centre is entitled to receive remuneration from lenders and/or other parties.
The Money Centre reserves the right to withdraw any recommendation to any lender without having to give reason for doing so.
These Terms of Business shall be governed by, construed and interpreted in all aspects in accordance with the laws of England and Wales.
Agreeing to these terms constitutes acceptance of The Money Centre's Terms of Business. No amendment to the above terms shall be valid unless confirmed in writing by The Money Centre.
General
By agreeing below, I confirm to you, The Money Centre (UK) PLC & your lender that:
a) The information I will provide is true and I will notify you promptly of any changes that may occur before the mortgage is completed;
b) You may make all enquiries you feel appropriate (including with the Inland Revenue, any credit reference agency or any past/present employer, accountant, lender or bank) for deciding whether to proceed with this application;
c) Any solicitor acting for both you and I may disclose to you any information or documentation he/she or you considers relevant in your decision to lend and I waive any duty of confidentiality or privilege which may otherwise exist in relation to this mortgage transaction;
d) If you provide me with a copy of, or extract from your Security Assessment and Valuation Report you make no representation or warranty (expressed or implied) nor accept any liability or responsibility in respect of its contents;
e) Any payments in respect of the mortgage are made for and on behalf of all parties to it;
f) Any additional security insurance arrangements are for your benefit only and that I have no right or claim in relation to them;
g) You may decline this application without stating a reason.
Applications by Limited Companies
Where the applicant is a limited company, in addition to (a)-(g) above, in my capacity as a director of the applicant company and a guarantor I confirm that:
h) I am the only director of the company or that I will be applying with all the directors of the company;
i) The company has the power to borrow the advance applied for and to mortgage the property/ies to be applied for as security.
Use of Information
In considering your application we will search your record at one or more credit reference agencies. They will add to your record details of our search and your application and this will be seen by other organisations that make searches. Information held about you by the credit reference agencies may already be linked to records relating to one or more of your partners. For the purposes of this application you may be treated as financially linked and your application will be assessed with reference to any "associated" records.
If you are a joint applicant or if you have told us of some other financial association with another person you must be sure that you are entitled to:
An "association" between joint applicants and between you and anyone you tell us is your financial partner will be created at credit reference agencies. This will link your financial records, each of which will be taken into account in all future applications by either or both of you. This will continue until one of you successfully files a disassociation at the credit reference agencies.
We will use a credit scoring or other automated decision making system when assessing your application.
It is important that you give us accurate information. We will check your details with fraud prevention agencies and if you give us false or inaccurate information and we suspect fraud, we will record this.
If we are unable to accept your application we will/may pass it onto other members of our group or selected third parties who may also search your records at credit reference agencies. The record of these searches will also be kept and seen by other organisations that make searches. The other group members or selected third parties to whom we pass your application may also use automated systems to carry out the checks referred to above for the purposes set out below.
Your records will be shared with other organisations and used by us and them to:
We and the credit reference agencies and the fraud prevention agencies will also use the records for statistical analysis about credit, insurance and fraud.
Fraud prevention agency records will also be shared with other organisations to help make decisions on motor, household, credit, life insurance and other insurance proposals and insurance claims, for you and other members of your household.
In addition we may disclose details held on our records about you or this application to any prospective insurer who may use them to help decide whether or not to offer cover and in fraud prevention.
You may telephone us if you want to have details of those credit reference and fraud prevention agencies from whom we obtain and to whom we pass information about you. You have a legal right to these details.
You have a right to receive a copy of the information we hold about you if you apply to us in writing. A fee will be payable.
1) You have a right to know how we will use your personal information. It is important that you should read the "Use of Information" notice before you agree to these terms.
2) We may telephone or write to you about products or services of ours or others which may be of interest to you.
Use of your information
Please refer to our Privacy Policy regarding use of personal information by The Money Centre.
