Terms & Conditions
PRODUCT TERMS – Financial
Correct as at 2nd March 2016
|
Annual Increase Rate |
The rate at which the monthly payments increase on an annual basis. |
3.0% |
|
Change of Parties Fee |
A non refundable fee for processing and underwriting an application to remove a party from the Home Purchase Plan Agreement and preparing the revised Home Purchase Plan Documents. |
£200 |
|
Arrears Charges |
The amount of charges applicable for unpaid or late monthly payments under the Home Purchase Plan Agreement. |
None |
|
Default Rate |
The rate at which interest shall accrue daily on any amounts not paid when due under the Home Purchase Plan Agreement. |
0% |
PRODUCT TERMS – General
Please click PDF download to review the General Product Terms for the Home Purchase Plan Agreement.
The schedule forms part of the Home Purchase Plan legal documents that customers signed prior to completion. The General Product Terms set out matters relating to confidentiality, data protection, sharing information with other product providers and complaint procedures.