Terms and Conditions of www.lendingbox.co.uk

 

For our Terms of Business, kindly review the following. To access our website terms and conditions, please click here. 

1.0 Terms of business 

1.1 The client has supplied or will supply, upon request to Lending Box (LB), all necessary details for the application as deemed reasonably necessary by LB. The client will cooperate generally with LB to facilitate the processing of an application for commercial funding.

1.2 LB and its providers will collaborate and communicate with the client's accountancy, and other advisors as reasonably required to ensure a successful outcome for the client.

1.3 LB has been engaged in this matter to: 

a. Identify potential funding solutions; 

b. Complete a commercial funding application based on information provided by the client; 

c. Compile information and documentation in a suitable format for presentation to lendimg partners and potential funders.

2.0 Conflicts of interest and confidentiality

2.1 LB confirms that any confidential information provided by the client will be kept confidential, except as required by law or as specified in regulatory, ethical, or other professional pronouncements applicable to the engagement.

2.2 The client agrees that LB taking appropriate steps, in good faith, to preserve confidential information during and after the termination of this engagement constitutes sufficient compliance with the duty of confidence.

3.0 Limitation of liability 

3.1 I/We acknowledge that loan terms and interest rates may change, and the Company assumes no liability for any acts or omissions by Me/Us resulting in the non-completion, withdrawal, or cancellation of the Application;

3.2 I/We acknowledge that the Company is not an agent of the Lender, and all lending decisions rest solely with the Lender, for which the Company bears no liability;

3.3 I/We confirm that there is no principal-agent relationship between Me/Us and the Company, and the Company has not held itself out as My/Our agent;

3.4 I/We acknowledge that the Company does not warrant the accuracy or veracity of information provided by Me/Us in the Application, and the Company is not liable for inaccurate or false information provided by Me/Us;

3.5 I/We unconditionally agree to indemnify the Company against any losses, costs, claims, liabilities, damages, demands, and expenses arising from My/Our acts or omissions related to the Application and/or providing false information in connection with the Application;

3.6 Lending Box will provide professional services with reasonable care and skill. However, the Company will not be responsible for losses arising from the supply of incorrect or incomplete information, or failure to act on advice or respond promptly to communications.

4.0 Data protection 

4.1 I/We consent to Lending Box processing any personal data provided in the Application in accordance with Data Protection Act 1998 obligations, for purposes such as processing and submitting the Application, complying with applicable laws, administering records, and providing marketing information.

4.2 I/We confirm having the consent of any third party whose information is disclosed to Lending Box for assessing the Application and administering any subsequent loan.

4.3 I/We consent to Lending Box, Lender Partners and the Lender holding, using, processing, and sharing information given in the Application or connected to it, during the loan's lifetime.

4.4 I/We consent to Lending Box sharing information provided with Relevant Parties involved in processing the Application, including service providers, mortgage intermediaries, banks, lenders, partners, agents, introducers, sales companies, the Lender, solicitors, banks, surveyors, mortgage brokers, estate agents, and their respective agents.

4.5 I/We acknowledge that, before the Application is submitted, and if successful, before the Lender advances any monies, Lending Box and/or its agents will check details with fraud prevention agencies, the electoral register, Companies House, or other appropriate registries.

4.6 I/We acknowledge that if false, misleading, incorrect, or inaccurate information is provided, Lending Box's findings may be sent to fraud prevention agencies and/or law enforcement agencies.

5.0 Initial Disclosure Document (IDD) about our services and our costs 

5.1 What products do we offer? 

We provide a diverse range of commercial financial products, including Unsecured Term Loans, Merchant Cash Advances, Invoice Finance, Cashflow Finance, Short Term Loans, etc.

5.2 Whose products do we offer? 

We offer a comprehensive range of commercial financial solutions from various market sources.

5.3 Which service will we provide you? 

We will advise and make recommendations after assessing your needs. You will not receive advice or a recommendation from us, and you will decide how to proceed.

5.4 What will you have to pay us for our service? 

Broker Arrangement Fee may apply for Secured Loans.

We may receive Commission from the Lender and separate fees from you; these sums are subject to our arrangements with the Lender. Commission nature and details will be disclosed in our communications and recommendations.