EXCLUSIVE CONNECTIONS TERMS OF BUSINESS
These terms apply to all business transacted whether regulated mortgages, unregulated mortgages commercial mortgages or secured loans.
1. Exclusive Connections;
1.1 Carries out no activities regulated by the Financial Services Authority and is not authorised to carry out such activity.
1.2 Accepts no responsibility for the general compliance of the Introducing Intermediary or the compliance of an individual mortgage application.
1.3 Accepts no responsibility to applicants or borrowers for the activities, information or advice given by the introducing intermediary.
1.4 Will require the Introducing Intermediary to provide evidence of FSA authorisation. Regulated applications will not be accepted without such evidence.
1.5 Will require the Introducing Intermediary to provide a copy of a valid Consumer Credit Licence.
1.6 Reserves a) the right to take additional references, b) the final decision on the acceptance of an application.
c) the right to withhold the payment of fees to the introducing intermediary if any of the requirements of these terms are breached or if any sums are owed by the Introducing Intermediary to Exclusive Connections.
1.7 Will not accept any case entered into under a DistanceMarketing Contract as defined by FSA's MCOB rules.
1.8 Is unable to release confidential information obtained as a result of enquiries made during the processing of mortgage applications.
2. Introducing Intermediaries
2.1 Must comply with the rules of FSA and Consumer Credit regulations without exception.
2.2 Must immediately inform Exclusive Connections of;
a) any change in or withdrawal of its FSA authority or Consumer Credit Licence, b) any disciplinary proceedings or investigation by FSA or any other regulator.
2.3 Is not authorised to use the name, brand or any name or brand that might be reasonably taken for the Exclusive Connection name or brand without the prior permission of Exclusive Connections.
2.4 Must comply with the requirements of the Data Protection Act 1998. 2.5.1 Must comply with Money Laundering regulations, guidelines and directives applicable to the business transacted.
3. Business is transacted under the following terms.
3.1 All forms and supporting documentation must be completed legibly, truthfully and in full.
3.1 The production and issuing of Initial Disclosure Documents, Key Features Illustrations and any other regulatory documentation in a compliant and accurate form is the responsibility of the Introducing Intermediary
3.2 Exclusive Connections relies on the Introducing Intermediary to ensure that all information in respect of any aspect of an application is without exception correct, true and accurate.
3.3 Exclusive Connections assumes that the applicant has agreed to and is fully aware of the submission of the application to Exclusive Connections.
3.4 The Introducing Intermediary confirms that the applicant understands and approves of all of the information and figures in the KFI before submission to Exclusive Connections as required by FSA, MCOB Section 4.
3.5 The Introducing Intermediary confirms that the applicant has signed, understands and approves of all of the information and declarations in the Application Forms and other documents before submission to Exclusive Connections.
Exclusive Connections Limited is registered in England. Registration No. 3733855. Registered Office: Exclusive Connections, Arena House, Axon Business Park, Commerce Road, Lynch Wood, Peterborough, PE2 6LR.
These terms apply to all business transacted whether regulated mortgages, unregulated mortgages commercial mortgages or secured loans.
1. Exclusive Connections;
1.1 Carries out no activities regulated by the Financial Services Authority and is not authorised to carry out such activity.
1.2 Accepts no responsibility for the general compliance of the Introducing Intermediary or the compliance of an individual mortgage application.
1.3 Accepts no responsibility to applicants or borrowers for the activities, information or advice given by the introducing intermediary.
1.4 Will require the Introducing Intermediary to provide evidence of FSA authorisation. Regulated applications will not be accepted without such evidence.
1.5 Will require the Introducing Intermediary to provide a copy of a valid Consumer Credit Licence.
1.6 Reserves a) the right to take additional references, b) the final decision on the acceptance of an application.
c) the right to withhold the payment of fees to the introducing intermediary if any of the requirements of these terms are breached or if any sums are owed by the Introducing Intermediary to Exclusive Connections.
1.7 Will not accept any case entered into under a DistanceMarketing Contract as defined by FSA's MCOB rules.
1.8 Is unable to release confidential information obtained as a result of enquiries made during the processing of mortgage applications.
2. Introducing Intermediaries
2.1 Must comply with the rules of FSA and Consumer Credit regulations without exception.
2.2 Must immediately inform Exclusive Connections of;
a) any change in or withdrawal of its FSA authority or Consumer Credit Licence, b) any disciplinary proceedings or investigation by FSA or any other regulator.
2.3 Is not authorised to use the name, brand or any name or brand that might be reasonably taken for the Exclusive Connection name or brand without the prior permission of Exclusive Connections.
2.4 Must comply with the requirements of the Data Protection Act 1998. 2.5.1 Must comply with Money Laundering regulations, guidelines and directives applicable to the business transacted.
3. Business is transacted under the following terms.
3.1 All forms and supporting documentation must be completed legibly, truthfully and in full.
3.1 The production and issuing of Initial Disclosure Documents, Key Features Illustrations and any other regulatory documentation in a compliant and accurate form is the responsibility of the Introducing Intermediary
3.2 Exclusive Connections relies on the Introducing Intermediary to ensure that all information in respect of any aspect of an application is without exception correct, true and accurate.
3.3 Exclusive Connections assumes that the applicant has agreed to and is fully aware of the submission of the application to Exclusive Connections.
3.4 The Introducing Intermediary confirms that the applicant understands and approves of all of the information and figures in the KFI before submission to Exclusive Connections as required by FSA, MCOB Section 4.
3.5 The Introducing Intermediary confirms that the applicant has signed, understands and approves of all of the information and declarations in the Application Forms and other documents before submission to Exclusive Connections.
Exclusive Connections Limited is registered in England. Registration No. 3733855. Registered Office: Exclusive Connections, Arena House, Axon Business Park, Commerce Road, Lynch Wood, Peterborough, PE2 6LR.
