Legal

Terms of Business

Moneta Property Finance Ltd — Mortgages

About Us

Moneta Property Finance Ltd is an Appointed Representative of Connect IFA Ltd, 39 Station Lane, Hornchurch, Essex RM12 6JL, who are Authorised and Regulated by the Financial Conduct Authority (FCA). Connect IFA Ltd's firm reference number is 441505. Moneta Property Finance Ltd's FCA reference number is 1052944.

Most buy to let mortgages are not regulated by the FCA. You can check our details on the FCA's website at register.fca.org.uk or by contacting the FCA on 0800 111 6768.

The FCA is the independent watchdog that regulates financial services. Use this disclosure document to decide if our services are right for you. It explains the service(s) we offer and how you will pay for it.

Mortgage Services

We offer a comprehensive range of mortgages from lenders across the market, but not deals that you can only obtain by going direct to a lender.
We are not limited in the range of mortgage products we will consider for you in relation to regulated 1st charge and 2nd charge loans.
We will consider remortgages, further advances, 2nd charge loans and unsecured loan options if you wish to increase your borrowing on an existing property.
We can arrange Business Buy to Let Mortgages, Commercial and Development Finance, Bridging Finance and International Mortgages.
In addition to any fees we charge, we may receive commission from the lender — disclosed on your illustration for all regulated mortgage contracts.

Mortgage Services & Fees

Initial Evaluation StageNo charge

We will consider your financial circumstances, provide information on the most competitive lender and product options, issue an Illustration or ESIS document, arrange a decision in principle and, if required, recommend a solicitor.

Application Stage£199 administration fee

On receipt of your application fee we will complete and submit the application form, communicate lender requirements, check documentation, monitor the application and update you until the formal loan offer is issued.

Mortgage Offer StageBTL / HMO: £500 · Bridging: 0.5% of loan · Commercial & Development: 1% of loan

We will check the loan offer, assist with any offer conditions, liaise with your solicitor and the lender on any amendments, and continue to support you until completion.

* The offer fee quoted is for standard transactions. Should more specialist requirements be needed, we will advise you in writing before proceeding.

Insurance

We will review your protection requirements in conjunction with the mortgage or loan being arranged. We can offer products including Life Insurance, Critical Illness Cover, Income Protection, Private Medical Insurance, Buildings and Contents, Accident Sickness and Unemployment cover, and Business Protection from a range of insurers.

We do not charge a fee for advising and arranging Life Assurance or Buildings and Contents insurance policies. We will receive commission from the Insurer.

Terms & Conditions

Our Ethical Policy

We aim to provide the highest standard of advice and service. We will: be open, honest and transparent; not place our interests above yours; communicate clearly, promptly and without jargon; and obtain feedback from you to help identify any improvements required.

Payment of Fees

We offer payment by direct bank transfer:

Moneta Property Finance Ltd

Account No: 46163337

Sort Code: 60-84-64

Fees are not refundable. We reserve the right to charge interest at 8% per annum for any amounts that remain unpaid after the due date.

Commission Disclosure

We are a credit broker and not a lender. We have access to an extensive range of lenders. Whichever lender we introduce you to, we will typically receive commission from them after completion. The amount will be disclosed to you before you proceed; you are not obliged to take our advice or recommendation.

Cancellation Rights

Certain protection and insurance contracts allow you the right to cancel after a contract has been put in force. Prior to entering into a contract we will provide you with specific details, including duration, terms, practical instructions, and any costs for exercising your right.

Termination

The authority to act on your behalf may be terminated at any time without penalty by either party giving 7 days' notice in writing, but without prejudice to the completion of transactions already initiated.

Governing Law

This agreement is governed by and construed in accordance with the laws of England and Wales, and any dispute will be subject to the exclusive jurisdiction of the courts of England and Wales.

What to Do If You Have a Complaint

It is our intention to provide you with a high level of customer service at all times. If there is an occasion when we do not meet these standards and you wish to register a complaint, please write to:

Compliance Department

Connect IFA Ltd, 39 Station Lane, Hornchurch, RM12 6JL

Tel: 01708 676110

If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service.

Financial Services Compensation Scheme (FSCS)

We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations.

Mortgage advising and arranging: covered up to a maximum of £85,000.
Insurance advising and arranging: covered for 90% of the claim, without any upper limit.

Further information is available from the FSCS.

Moneta Property Finance Ltd

Piccadilly Business Centre, Unit C Aldow Enterprise Park, Blackett Street, Manchester, M12 6AE

Registered in England & Wales No: 16949021

+44 7526 991077 · hello@monetapropertyfinance.co.uk