Become A Broker

What’s involved?

Step 7 of this form explains what we need from you to make you a member. In short, there are various licences and permissions you need to hold, and you need to demonstrate that the business you’ve done and the bank account you hold are all properly managed. If you fill in this seven-page form, we will work with you to clarify exactly what we can and can’t accept before granting you full membership.

How much will it cost?

The subscription for Members in 2018 is £60 per month (£720 per annum), plus £210 for each additional Registered Individual (RI). 

Fees are paid annually – but you’re welcome to set up a direct debit with us if you’d prefer not to pay up front.

Steps

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  • 2
  • 3
  • 4
  • 5
  • 6

About Your Brokerage

Registered Individuals (RI)

(Please list the details of all those within the firm who actually broker business.

Please note: all RIs will be expected to read and be bound by the declaration at the end of this form.

Please note: you do not need to re-input details for the primary contact if the primary contact is also an RI)

1   No. Registered Individuals

Registered Individuals 1 | Move this registered Individual to contacts

Types of business written in the last twelve months

(expressed as an approximate percentage of total business written in the last year. These are meant to give an indication only)

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Business levels (mandatory)

If you leave this section empty you will not receive any leads (Please select all that apply.)

Commercial Mortgages

(If you have entered a value in the Commercial mortgage box above, please can you select the categories which define the majority of the business written in the last twelve months. Please select as appropriate.)

Leasing & asset finance

(If you have entered a value in the leasing & asset finance box above, please can you select the categories which define the majority of the business written in the last twelve months. Please select as appropriate.)

Buy-to-let Mortgages

(If you have entered a value in the Buy-to-let mortgage box above, please can indicate if you have carried out any buy-to-let business which falls into the following categories within the last twelve months. Please select as appropriate.)

Cashflow Finance

(If you have entered a value in the Cashflow Finance box above, please can indicate if you have carried out any Cashflow Finance business which falls into the following categories within the last twelve months. Please select as appropriate.)

Bank Reference/Status Enquiry

(Please note that any costs incurred by requesting this reference are the responsibility of the applicant.)

References

Yes | No

(Please provide the names of two nationally recognised organisation that provided finance for your clients over the past twelve months.)

First Lender

Second Lender

Documentation

Once you have completed your application you will need to send us:

  • ID for each registered individual (either a certified copy of a passport or driving licence; and a copy of a utility bill)

  • Copies of 3 offers of loan from at least 3 different lenders* (*Commercial mortgage and buy-to-let brokers only)

  • A copy of your Data Protection Licence

  • Current Terms of Business agreement

  • A short CV for each individual

  • A copy of your Consumer Credit Licence

  • A copy of your PI certificate

  • Payment - Online payment, a cheque or completed Direct Debit mandate

Declaration (To be read and agreed by all RIs and main contact)

We (NACFB or its group subsidiaries - "NACFB") will keep, securely, and for as long as we are required by law to do so, details we hold about you for the purposes of the effective regulation of the affairs of NACFB.

  • I/we hereby make application for election as a member of the Association for a period of twelve months.

  • I/we declare that the information given above and by each Registered Individual is true to the best of my/our knowledge and belief.

  • I/we declare that there are no circumstances of which the National Executive should be aware which may adversely effect the consideration of this application or my/our suitability for membership. (Such circumstances include any adverse credit history registered against any individual or company in which I/we are a Director or controlling Shareholder and in any way connected to this application e.g. liquidation, bankruptcy, receivership, County Court Judgements, arrangement with creditors); or have any adverse information registered against me/us by any regulatory body or trade organisation.

  • I/we understand that registration as full members will be granted at the absolute discretion of the National Executive, who are under no obligation to give any reason or explanation should membership be declined

  • I/we agree to provide on demand at any time copies of any documents that may be required to establish my/our suitability as a commercial finance broker(s)

  • I/we agree to provide on demand at any time copies of any documents that may be required to assist in any investigation being carried out by the National Executive

  • If elected I/we agree to abide by the NACFB Code of Practice as revised from time to time, and acknowledge the statements above covering the General Data Protection Regulation

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