Stour Business Associates' Terms
We are authorised and regulated by the Financial Services Authority. Our registration number is 303810. We are able to select from the market as a whole. This provides you with a choice of lenders.
We are also a member of the National Association of Commercial Finance Brokers and are required to abide by a Code of Conduct. Members of the National Association of Commercial Finance Brokers aim to provide the highest professional standard of service to all their clients.
Interest rates are subject to change by the lender. Also, the interest rate charged will be based upon credit status, size of loan as a percentage of property value, and employment situation.
All lenders will require the property to be insured in line with the valuation surveyor’s recommendation. This insurance must have the lender’s interest in the property registered with the insurance provider. Lenders will charge an administration fee where an existing insurance policy is to be amended to register a new lender’s interest in the property.
We charge an administration fee for the service that we offer. This fee becomes payable upon satisfactory conclusion of the loan. It is possible that we may be able to arrange for this fee to be added to the loan amount. Under these circumstances the fee can be paid by the solicitor acting for the client from the loan funds at completion.
Our “Initial Disclosure Document ” will be provided at the time of first contact with a potential client.
If you have any doubt regarding your past credit history than you should seek a copy of the file that relates to you. The charge is £2 and can be obtained from either of:
Experian Limited
P.O. Box No. 8000,
Nottingham NG1 5GX
Equifax Europe (UK) Limited
Dept 1E, Spectrum House,
1A, North Avenue, Clydebank,
Glasgow G81 2DR
If you fall behind with your mortgage repayments and cannot catch up again, you could eventually lose your home. You can take steps to protect yourself against this risk by taking out Mortgage Payment Protection Insurance. This insurance will pay your monthly mortgage related payments for a specified period if you suffer accident, sickness or unemployment.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
