LEGAL INFORMATION

Clarity Investments is a limited company, registered in England and Wales. Our Company Registration Number is 4371878. Our Registered Office is 71 Northgate, Sleaford, Lincolnshire NG34 7BS.

Clarity Investments Ltd is a Licensed Credit Broker. Our Consumer Credit License number is 534853.

TERMS OF BUSINESS

Our Status
Clarity Investments Ltd act as brokers, introducers and packagers of unregulated mortgages and secured lending to businesses and individuals. The FSA defines ‘unregulated’ mortgages as buy-to-let, (where the tenant is not the borrower or a member of the borrower’s immediate family), loans to companies and second charge loans. We act as introducers, brokers and packagers only to lenders who are regulated and authorised by the Financial Services Authority. Where clients are introduced to lenders by us for regulated mortgages, we comply wholly with the requirements of section 33a of the Financial Services and Markets Act 2000 and are therefore exempt from regulation by the Financial Services Authority as we act as introducers only.

Our Services
We will ask you to complete and sign an Application Form relevant to the type of loan you require. This form requires details of your circumstances and loan requirements. By completing an Application Form, you are authorising Clarity Investments Ltd (or any nominated third party authorised by us) to pass your data to potential lenders for the purposes of procuring a loan on your behalf. You are also agreeing to credit checks being undertaken in connection with your loan request or application. You are also agreeing to pay any agreed fees due to Clarity Investments Ltd as a result of the successful completion of any loan through any lender introduced to you by Clarity Investments Ltd.

We will inform you of the deals that are available and approach a panel of FSA authorized lenders with your details. For unregulated mortgages and loans we will offer you where possible a choice of deals that most closely match your requirements as stated in your Application Form.
We will ask you to select the deal of your choice and we will approach the lender for a decision in principal on your behalf. If you wish to proceed with the application we will ask you to pay for a valuation on the property or asset by an authorized valuer, usually selected from a lender’s approved panel. Copies of the valuation will be required by the lender and Clarity Investments Ltd. We will also require such documentation as required by the lender, including proof of identity, proof of income, financial statements, company registration documents, certified accounts and any other documents the lender may request in connection with the assessment of the application.

Remuneration
While some companies charge a percentage of the advance as their client fees, we charge our clients a competitive flat fee upon successful offer of any loan arranged or introduced by Clarity Investments Ltd. This fee will be agreed with you in writing upon receipt of a signed Application Form. Our fees vary depending upon the individual circumstances of the application and the amount of work required. The fee may be paid directly to us by you or an invoice sent to your solicitor/conveyancer for settlement upon successful completion of the loan. We also receive payments from lenders for completed client loans and this varies depending on the complexity and size of the loan.

Data Protection
The information you provide to us is subject to the Data Protection Act 1998 (the “Act”). By signing this document you consent to us or any company associated with us for processing, both manually and by electronic means, your personal data for the purposes of providing advice, administration and management.” Processing” includes obtaining, recording or holding information or data, transferring it to other companies associated with us, product providers, the FSA or any other statutory, governmental or regulatory body for legitimate purposes including, where relevant, to solicitors and/or other debt collection agencies for debt collection purposes and carrying out operations on the information or data.

We may also contact you or pass your details to other companies associated with us to contact you (including by telephone) with details of any other similar products, promotions, or for related marketing purposes in which we think you may be interested. The information provided may also contain sensitive personal data for the purposes of the Act, being information as to your physical
or mental health or condition; the commission or alleged commission of any offence by you; any proceedings for an offence committed or alleged to have been committed by you, including the outcome or sentence in such proceedings; your political opinions, religious or similar beliefs, sexual life; or your membership of a Trade Union.

If at any time you wish us or any company associated with us to cease processing your personal data or sensitive personal data, or contacting you for marketing purposes, please contact Our Data Protection Officer on 0845 6230027 or in writing to 71 Northgate, Sleaford Lincolnshire, NG34 7BS. You may be assured that we and any company associated with us will treat all personal data and sensitive personal data as confidential and will not process it other than for a legitimate purposes. Steps will be taken to ensure that the information is accurate, kept up to date and not kept for longer than is necessary. Measures will also be taken to safeguard against unauthorised or unlawful processing and accidental loss or destruction or damage to the data. Subject to certain exceptions, you are entitled to have access to your personal and sensitive personal data held by us. You may be charged a fee (subject to the statutory maximum) for supplying you with such data.

Your Right to Withdraw
You may withdraw your application at anytime. Valuation fees or lender booking or application fees are usually non-refundable, however Clarity Investments Ltd only expect payment from you upon successful offer of any loan.Should you withdraw after the formal offer of a loan or finance solution by a lender, we will invoice you for our broker fees regardless of whether you proceed to complete the transaction.

Scope
The law governing this agreement both before and after any loan completion is the law of England and Wales. These Terms of Business represent our understanding of the law and current regulatory requirements on April 1st 2007. They are valid on that date.