Terms of Use

1. Acceptance of Terms

By accessing and using Factored's services, you accept and agree to be bound by the terms and provisions of this agreement. If you do not agree to abide by the above, please do not use this service.

2. Use of Services

Factored provides landlord funding services to UK landlords. Our services are designed to improve cashflow and provide funding for property improvements. You agree to use our services only for lawful purposes and in accordance with these terms.

3. Eligibility

To use Factored's services, you must:

• Be a landlord operating in the United Kingdom
• Have valid tenancy agreements for properties you wish to advance rent on
• Provide accurate and complete information during the application process
• Meet our credit and risk assessment criteria

4. Application Process

When you apply for landlord funding, you authorize Factored to:

• Verify the information you provide
• Conduct risk assessments
• Contact your tenants or their guarantors if necessary
• Review your tenancy agreements and property documentation

5. Fees and Payments

Factored's fee structure will be clearly communicated to you during the application process. All fees are transparent and agreed upon before any landlord funding is provided. Payment terms and repayment schedules will be outlined in your specific agreement.

6. Data Protection and Privacy

Factored is committed to protecting your personal data. We are registered with the Information Commissioner's Office (Registration number: ZB556110) and comply with all relevant data protection regulations including GDPR. Your information will be processed in accordance with our Privacy Policy.

7. Financial Conduct Authority

Factored is registered with the Financial Conduct Authority (FCA Registration: 1005726). We operate under FCA regulations and guidelines to ensure fair treatment and transparency in all our dealings.

8. Limitation of Liability

Factored provides landlord funding services in good faith. While we conduct thorough assessments, we are not responsible for tenant defaults or property-related issues beyond our direct control. Our liability is limited to the terms outlined in your specific agreement.

9. Termination

Either party may terminate the service agreement according to the terms specified in your individual contract. Early termination may be subject to fees as outlined in your agreement.

10. Changes to Terms

Factored reserves the right to modify these terms at any time. Changes will be effective immediately upon posting on our website. Your continued use of our services constitutes acceptance of any changes.

11. Governing Law

These terms shall be governed by and construed in accordance with the laws of England and Wales. Any disputes shall be subject to the exclusive jurisdiction of the courts of England and Wales.