Terms of Business
1. Our Role and Regulatory Status
Ipram Asset Finance Ltd is a specialist UK asset finance brokerage. We are authorised and regulated to act as a credit broker. We provide access to a diverse panel of third-party lenders rather than lending funds directly.
2. Services Provided
We act as an intermediary to help your business secure funding for cars, commercial vehicles, plant, and machinery. We aim to find the most suitable finance options based on your specific requirements.
3. Your Obligations
You must provide accurate and complete information. You are responsible for ensuring your business can afford the repayments and that the chosen product is fit for your needs.
4. Credit Assessments and Data
To process your application, we share your details with lenders who will perform credit searches. These may affect your credit score. By using our services, you consent to these essential financial checks.
5. Payments and Commissions
We typically do not charge you a direct fee. Instead, we receive a commission from the lender. This payment varies by product but does not impact our commitment to providing impartial service.
6. Professional Standards
We are committed to Treating Customers Fairly (TCF). We manage all potential conflicts of interest to ensure our recommendations remain in your best interests at all times.
7. Communication
All formal instructions should be in writing. We communicate via email and phone, and you accept that electronic correspondence meets all legal requirements for written notice.
8. Data Protection
Your privacy is a priority. We process all personal and financial data in line with UK Data Protection laws and our Privacy Policy solely to secure your finance.
9. Verification Checks
We are legally required to verify your identity. You agree to provide the necessary documents to satisfy UK anti-money laundering regulations.
10. Advice and Approval
We provide information but not financial or legal advice. Final approval and interest rates are determined solely by the lender and are not guaranteed.
11. Complaints and Liability
If you are unhappy with our service, please contact us immediately for a copy of our formal complaints procedure. To the extent permitted by law, Ipram Asset Finance Ltd is not liable for indirect losses or third-party lender actions.
12. Legal Jurisdiction
Either party can end this relationship at any time. These terms are governed by the laws of England and Wales, with exclusive jurisdiction in English courts.
Direct Assistance & Support
If you require further clarification on our Terms and Conditions, our dedicated compliance team is here to help. We aim for complete transparency in all our professional relationships.
Compliance Email
enquiries@ipramassetfinance.co.uk
Please ensure all formal legal instructions are submitted in writing. Our team will review your enquiry and respond via your preferred contact method within 24 hours.
Phone Enquiries
01254 949050
Registered Office
Unit 6 Dalton Court
Commercial Road, Darwen
Lancashire, BB3 0DG
Compliance Department
At Ipram Asset Finance Ltd, clarity is key. If you have questions about our regulatory status, privacy policies, or terms, please contact our team.
Email Support
enquiries@ipramassetfinance.co.uk
Telephone
01254 949050
Registered Office
Unit 6 Dalton Court
Commercial Road, Darwen
Lancashire, BB3 0DG
Commission Disclosure
We are a professional broker committed to transparency. We operate using a structured and fair commission and fee model for all transactions to ensure our interests are fully aligned with your business goals.
Broker Fees
We charge a fixed, flat broker fee for arranging your finance. This amount will be clearly disclosed to you before you commit to any application.
Pricing Policy
Our service fee remains consistent regardless of the lender or the specific financial product you choose, ensuring our advice remains unbiased.
Lender Pay
We work with a variety of lenders, and the commission we receive from them may vary. This payment does not increase the cost of your agreement.
Full Inquiry
You have the right to request the exact details of any commission or fees we receive. Please contact us if you require this information.
Key Terms – Plain English Summary
This summary explains the main points of our Terms and Conditions in plain English. It does not replace the full Terms and Conditions, which you should read in full. If anything in this summary differs from the full Terms and Conditions, the full Terms and Conditions will apply.
Our Role
- We are a credit broker, not a lender. We introduce you to lenders who may be able to provide asset finance for your business. We do not provide independent financial advice, but we give you information so you can decide which option is right for you.
Your Data
- We use your information to assess your application and to introduce you to lenders. Lenders may carry out credit checks and verify your identity. For full details of how we use and protect your data, please read our Privacy Policy.
Your Responsibilities
- You must give us accurate and complete information. If information is missing or incorrect, it may affect your ability to obtain finance or could lead to an agreement being cancelled.
How to Complain
- If you are unhappy with our service, please follow our Complaints Handling Procedure, which explains how to contact us and how we will deal with your complaint. You may also be able to refer your complaint to the Financial Ombudsman Service, subject to eligibility.
We may receive a commission or other payment from a lender if you enter into a finance agreement. The amount of commission can vary between lenders and products. You can ask us for information about the commission we will receive for arranging your finance.
- This summary is for guidance only. Please read the full Terms and Conditions for complete details of your and our rights and obligations.
Summary of Key Points
The points below highlight important parts of our Terms and Conditions. They are not a substitute for the full Terms and Conditions, which you should read carefully before entering into any agreement.
Regulatory Position
We are authorised and regulated by the Financial Conduct Authority to act as a credit broker. We arrange finance for business customers only and are not the lender.
Fee and Commission Transparency
In most cases we are paid by way of commission from the lender. The amount of commission may vary. You can ask us for information about the commission we will receive in relation to your agreement.
You are responsible for ensuring that all information you provide is true, accurate and not misleading. Providing false or incomplete information may result in your application being declined or an agreement being terminated.
Successful funding depends on honesty. Providing full and accurate financial data is essential for assessing affordability and securing lender approval for your capital needs.
If you have a complaint, please refer to our Complaints Handling Procedure. We will try to resolve your complaint promptly and fairly. If you remain dissatisfied, you may be able to refer the matter to the Financial Ombudsman Service, subject to eligibility.
This summary does not change or override the full Terms and Conditions.
Quick Reference
The points below provide a quick reference to some of the most important aspects of our relationship with you. They are for convenience only. The full Terms and Conditions remain the legally binding document.
We act as a credit broker, not a lender. We work with a panel of lenders and may receive commission if you enter into a finance agreement. You should consider whether the finance product meets your needs and, if you are unsure, seek independent advice.