Terms of business

Bespoke Asset Finance Ltd (Reg number 7276299) (“BAF”) acts as a finance intermediary between clients and finance companies to aid with the raising of funds to enable asset finance agreements to be initiated. Our data protection License is numbered: Z2268753

Our commitment to our customers

To discuss, analyse, agree and schedule all future funding requirements
To put together an extremely comprehensive report and project justification aimed at all potential funders
To discuss and agree exactly which finance sources should be targeted and the individual outline of what terms are required
To constantly provide feedback (good or bad) from the finance sources targeted
To discuss in detail any/all finance offers received
To put into place and formalise any finance offers deemed acceptable
To arrange for the completion of all necessary paperwork and liaise with suppliers to ensure all delivery schedules are met in good time
To ensure all clients are treated fairly at all times.
To constantly follow up on all deals written and pending.
To run a responsible, financially secure, socially aware brokerage that will be able to provide access to financial products for our clients over the long term.

The commitment from our customers

To agree the extent of the service offering from BAF and timelines for the specific requirements.
To share all necessary information to assist in the completion of the detailed report to potential funders.
To agree a period of exclusivity both before, during and after each individual project or annual spend.

Data Protection

The information you have provided is subject to the Data Protection Act 1998 (the “Act”). In providing us with various information you consent to us or any company associated with us for processing, both manually and by electronic means, your data, company or personal for the purposes of providing advice, administration and management. We may also contact you or pass on your details to other companies associated with us.
You may be assured that we, and any company associated with us, will treat all data as confidential and will not process it other than for legitimate purposes.

Fees

Commission is paid to BAF on the successful completion of a transaction for a client. This commission is paid from the finance company to BAF. Levels of commission are all based on the amount of funding secured for our clients by BAF, this can vary from 0.5% of the advance up to a maximum of 4%.
In all cases BAF has signed debit back agreements with finance companies which claws back commission over various periods of time if there are any arrears, adverse information, liquidations, administration or anything that requires the finance company to terminate the agreement at any point in time throughout the life of the agreement.

When BAF provides documentation for the client to sign from which ever source is deemed the best offer for the client and the client signs said documents then the client is agreeing that all aspects of the finance are suitable for their purposes and this includes but is not limited to, terms and conditions, monthly payments, advance, term, product, fees, etc.

In all cases if BAF is not successful in supplying a finance agreement or BAF is unsuccessful in securing the funding agreement agreeable to the clients needs / requirements then no fees will be levied and our services are completely free of charge.

Law

These terms of business are governed and shall be construed in accordance with English Law and the parties submit to the exclusive jurisdiction of the English Courts

Termination

These terms of business, to act on your behalf may be terminated at any time by either party without penalty but without prejudice to the completion of transactions already initiated. These terms of business are also governed by the National Association of Commercial Finance Brokers (NACFB) code of conduct.