Terms of Business

 

In this Agreement, unless otherwise specified and the context otherwise requires:

 

• references to statutes and subordinate legislation shall be construed as references to those statutes or that subordinate legislation as respectively replaced, amended or re-enacted from time to time; and
• references to this Agreement or any other document or to any specified provision of this Agreement or any other document are to this Agreement, that document or that provision as in force for the time being and as amended from time to time in accordance with the terms of this Agreement or that document and with the consent of the Broker in writing, as the case may be.

 

1.  Appointment of the Broker

1.1       This Agreement sets out how We will deal with You in the provision of Credit Broking Services. We will start providing Credit Broking Services to You from the Commencement Date.

 

2. 2. Standards Statement
   • Underrated Capital [is a trading style of Vizex] LTD, registered at 2 Falcon Gate, Shire Park, Welwyn    Garden City, Hertfordshire, AL7 1TW, United Kingdom
      Company Register number is 16580856. ICO registration ZB953461, and you can check via ico.org.uk. The Financial Conduct Authority does not authorise Underrated Capital and can only complete non-regulated introductions. We work with a Panel of Lenders whose particulars will be supplied upon request to find a potentially suitable arrangement for your consideration.

Telephone: 07423 645724
Email: [email protected]

  

3. Appraisal and Arrangement Fees

3.1       Appraisal Fee

 

            We do not charge a fee for our brokering service.

 

 

 

4          Client Acknowledgement

 

4.1       By executing this Agreement, you acknowledge that:

 

4.1.1    You have been urged to seek such independent advice as You consider necessary before signing this Agreement.

 

4.1.2    We will source Finance Offers from a panel of lenders whose names will be supplied upon request. In this role, We are doing no more than effecting an introduction between You and the Lender(s) to enable You to choose a Finance Product which, in your sole opinion, is suitable for You to meet your financial objectives. We are not Your agent or otherwise acting on Your behalf, and there is no duty upon Us to provide you with impartial advice, information or any recommendation relating to a Finance Product.

 

4.1.3     We will receive a Commission from the Lender for introducing You to them in relation to the funding set out in the Finance Offer. For the avoidance of doubt, any payment of Commission is subject to the terms of our arrangements with the Lender who pays that Commission and will not be subject to refund. Different lenders pay different amounts. For transparency, we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow, Under some commission models we operate under, the more that you pay to the lender, the more we may receive by way of commission.

 

4.1.4     You have read the Broker’s Terms and Conditions set out in Schedule 1 and agree that they form part of this Agreement.

 

4.2       You consent that You agree to pay the Fees in accordance with the terms of this Agreement.

 

4.3       You are aware that We are required to disclose the nature of the payment of any Commission in Our communications. The existence and nature of commission arrangements. Where the Commission varies depending on the Lender, product or other permissible factors will always be disclosed within our Commission Disclosure Document.

 

4.4       We will look to disclose where We will benefit from any fees from the lender (for example but not limited to administration fees, split fees and panel fees) and disclose the existence, along with the existence, nature, calculation and amount of any Commission within our Commission Disclosure Document.

 

4.5       You are aware that We will receive Commission from referring You to an Ancillary Service for introducing You to them, and You have no objections to Us receiving this amount.  If You wish to receive any further information concerning any Commission paid to Us by any third-party Ancillary Service, please let Us know in writing.

 

4.6       Where you have been referred to us by a third-party Ancillary Service, dealer or introducer, commission will have be paid to the dealer and or introducer for the introduction.

 

 

4.7       Having acknowledged the matters set out under this clause 4, You hereby consent to Us receiving and retaining any Commission paid.