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Terms and Conditions

Below are the terms and conditions that form part of the contract when you enter into a brokering agreement with us.

last modified: Tue, 25 Jan 2022 13:28:25 GMT+00:00

Confirmation of Instructions

Before signing this agreement the broker will have reviewed and accepted the confirmation of Instructions (“the instructions”) which shall be read and take effect as if they formed part of the agreement.

Revision to the Instructions will not affect the liability of the client to pay the arrangement fee, unless the revision required is so fundamental that the Terms, as revised, materially fail to meet the requirements of the client, as recorded in the original form of instructions.

The client’s Duty to the Broker

Accuracy of information

The broker relies on the client for the accuracy of statements, information and representations notified in writing to the broker by the client, or by his professional advisers. The client agrees fully and completely to indemnify the broker from the consequences of, or in respect of any loss caused by, inaccuracies or misrepresentations for which he is responsible and on which the broker has relied.


Unless agreed by prior arrangement, the client is confirming that are the only brokers you have commissioned to work on this application for funding. If it transpires that another broker has been commissioned to work on the case then we reserve the right to immediately stop work, cancel the agreement, or revise the terms. Any change in terms will be presented to you in writing and require your approval.

Introductory Commission

The Lender may pay the broker introductory commission in respect of the funding agreed in the Lender’s Offer. The commission paid may take the form of a procuration fee, marketing allowance and/or be computed by reference to the volume of clients referred by the broker to the Lender from time to time. Commission paid to the broker may vary in amount depending on the Lender, amount borrowed or product chosen. Generally we do not have influence over the rate of commission paid, however with some Asset Finance lenders, we do and this can impact the interest rate you will pay under the agreement.

The client having acknowledged the matters set out under the client acknowledgment and consents to the broker receiving and retaining any commission paid.

Payment of Arrangement Fee and/or Completion Fee

The arrangement fee and/or completion fee shall be paid without regard to the ability of the client to satisfy all or any of the conditions stated by the lender whether in the offer or after its issue.

The arrangement fee will be paid:

Crossed cheque in favour of the broker and sent to the address of the broker; or By debit/credit card payment, PayPal or BACS transfer stating the case reference number.

Failure to accept Formal Offer (relating to property deals)

The process to obtaining finance will involve the following steps;

  1. B2B Quotation

  2. Initial Formal Terms

  3. Valuation

  4. Formal Offer

  5. Legals

  6. Completion

A "Formal Offer" is a legally binding offer document which a lender presents to a Borrower post valuation. This document is a commitment that the lender will make funds available subject to the specified rate and terms quoted. The offer usually has a validity period of 90 days; this can be extended, or a new offer document issued. In the event that a Formal Offer is made by a lender introduced by the Broker and is not accepted within the validity period of the offer (including any reissue periods), due to the client declining to accept the Offer, a default arrangement fee of £-1 will be will be paid to the broker by the client(s) signing this agreement. This is by way of compensation for time spent by the Broker arranging the loan to this point. This will be paid within 10 days of expiry of the Formal Offer. The only exception to this is the following;

a) The terms of the Formal Offer are different to the initial terms sourced by the Broker. E.g. the Lender increases the rate, reduces the duration of the facility, or reduces the amount they are willing to lend, or a combination of changes.

b) The client is making a new purchase and has lost the ability to purchase the property due to the property being removed from market, or the vendor accepting an offer from a 3rd party.

Continuing Liability

It is expressly agreed by the client that the liability to pay the arrangement fee under clause "Introductory Commission" of the agreement shall continue whether or not the agreement has, for any reason, been terminated.

Entire Agreement

The client acknowledges and agrees that on signing this agreement he does not rely on and shall have no remedy in respect of any statement, representation, warranty or understanding (whether negligently or innocently made) of any person (whether a party to this agreement or not) other than as expressly set out in this agreement. Nothing in this clause shall, however, operate to limit or exclude any liability for fraud.

FCA and FIBA Code of Practice/Complaints/Arbitration

The broker agrees to act on behalf of the client in accordance with the terms of the prevailing edition of the code of practice of the financial intermediary and broker association (a current copy of which is available on request from the association). The code stipulates the remedies available to the client in the event of a complaint or other dispute (after exhausting the broker’s own complaints procedures). The Broker is registered with the FCA as a credit broker; this again obliges the broker to operate within the rules of credit brokering.

Data Protection

The client agrees that any information he provides which may be held and processed by the broker may be shared with third parties to protect the Broke against fraud, to satisfy codes of practice and, compliance related issues that may arise from time to time.

The broker will make such enquiries and take up such references as considered necessary in relation to the client’s application. This information may be obtained from the Land Registry, previous and existing employers. Information may also be obtained from the Inland Revenue, the Department of Work & Pensions (DSS).

The broker may use and disclose details of this application and any resulting offer of funding to the client to any Lender, any intended guarantor, their legal advisers and may further use and disclose information to the Financial Services Authority, any processing agents with whom the broker may hold an agreement to process data.

In accordance with the Data Protection Act 1998 the client is advised that information provided may be held by the broker in its computer and papers records and retained for a period of six years after the date of this agreement.


Any amendment whether proposed by the broker or the client shall be notified in writing to the other party. Any amendment proposed by the broker shall take effect on the date specified (being not less than 10 business days after the issue of the notice) unless in the meantime the client notifies the broker to the contrary or requests an extension of time. Any amendment proposed by the client shall take effect when accepted by the broker in writing.

Assignments and third party rights

This Agreement is personal to the Client and shall not be capable of assignment by the Client or of being transferred.

A person who is not a party to this Agreement may not enforce any of its terms under the contracts (Rights of Third Parties Act 1999), but this does not affect any right or remedy of a third party which exists or is available other than under such act.

Professional Indemnity

The broker agrees to maintain professional indemnity insurance cover in respect of its business with and on standard terms offered by insurers of repute.

Client Money

We do not hold client money for any reason.


The client agrees that the broker shall have no liability for any economic loss (whether direct, indirect or consequential) insofar as it relates in any way to loss of business, loss of client data, interruption of business or loss of profits or goodwill as a result of the manner of performance by the broker of any obligations arising under this agreement. This exclusion of liability will not, however, otherwise affect any statutory rights of the client.


A reference to a party shall include reference to a partnership, body corporate, unincorporated association, assignee's or successors in title. Words in the singular shall include the plural and words indicating a particular gender shall include the other gender.

Choice of Law

This agreement shall be construed in accordance with English Law and the parties irrevocably agree to submit to the exclusive jurisdiction of the English courts.

Refund Policy

A request to refund funds paid to “prepare and assess” your case will be rejected on the grounds that the fee has been charged to cover our brokers time packaging your case. In all other scenarios a fee is payable on either "presentation of formal offer", "acceptance of formal offer", or "draw down of funds". In cases where the client has instructed to proceed after receiving indicative terms or decision-in-principle (DIP) from a lender introduced to the client by the broker, we would not refund the "arrangement fees" due, as the chance to stop the process ahead of this point would have been clearly presented.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

About Us

Legalwebb UK Ltd T/A is authorised and fully regulated by the FCA. Ref: 734694. operates as a commercial finance broker and is not a lender. is a full member of the financial intermediary and broker association (FIBA) and operates under its code of practice.

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Contact Info
  • 0116 298 7376
  •, 169 London Road, Leicester, LE2 1EG
  • Monday - Friday, 9am - 5pm
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