Standards of Lending Practice for Business Customers
Security may be required. Product fees may apply. Over 18s only. Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.
The Standards of Lending Practice for business customers applies to businesses/organisations, which at the point of lending:
- have an annual turnover of no more than £6.5 million in its last financial year (exclusive of VAT and other turnover related taxes), and;
- do not have a complex ownership structure (for example, businesses with overseas, multiple, or layered ownership structures).