ONEPM Introducer Handbook 05.07.16

Introducer Handbook

Contents
Introduction
About Us, Contacts, Website Log In 2
Lending Criteria
Lease, Tenants 3
Short Term Business Loans 4
Long Term Business Loans 5
Vehicles 6
Hire Purchase 7
Social Clubs 8
Useful Information
Proposal requirements, Acceptance Conditions 9
General guidelines 10
Terms & Conditions 11
Product Quick Guide 12
1

Introduction
1pm (UK) Limited trading as One pm Finance (One pm or The Company), is a specialist independent provider of
finance by way of lease, HP and business loans to the SME sector, including "New Starts". The company was
launched in December 1998 as a leasing company providing finance solutions by way of "one payment per month"
(hence the name).
1pm’s focus is to provide its customers with flexible finance options following our philosophy of building and
developing enduring relationships. We typically lend:
Lease and HP:
Short Term Loan:
Long Term Loan:
Social Clubs:
£1,000 - £50,000 on terms between 12 and 60 months
£1,000 - £50,000 on terms between 3 and 23 months
£1,000 - £50,000 on terms between 24 and 60 months
£1,000 - £10,000 on terms between 12 and 60 months
One pm work closely with our introducers and value their input. All transactions are approached positively with a
view to find a route to expedite approval.
Contact Us
Address:
2nd Floor, St James House, The Square, Lower Bristol Road, Bath, BA2 3BH
Telephone: 01225 474 230
Fax: 01225 808 966
Email:
sales@onepm.co.uk
Website:
www.onepmfinance.co.uk
New Business / Proposals
sales@onepmfinance.co.uk
Joshua Self: Sales & Marketing Executive josh.self@1pm.co.uk
Sam Costello: Operations Manager sam.costello@onepmfinance.co.uk
Underwriting Admin: 01225 474232 underwriting@1pm.co.uk
Payouts Team: General activations@1pm.co.uk
Credit Control: General creditcontrol@1pm.co.uk
Legal Team: General legal@1pm.co.uk
Underwriting Co-ordinators
Meg Pugh: 01225 474235 meg.pugh@1pm.co.uk
James Walker: 01225 474231 james.walker@1pm.co.uk
Ellie Langford: 01225 474233 ellie.langford@1pm.co.uk
Online System
One pm’s website (www.onepmfinance.co.uk) is full of useful information for our brokers. Each broker has an
individual log in code and password.
Using this service you can access the broker area and see real time notes and statuses on each agreement.
You will also have access to broker announcements, the 1pm rental calculator and documentation, amongst many
other things.
Partner code:
Password:
2

Lease – All Business Types
COUNTRIES
England
Scotland
Wales
Northern Ireland
NEW START BUSINESS (TRADING LESS THAN 2 YEARS)
EQUIPMENT COST £1,000 - £25,000
TERM
12 – 60 months
RATE £1,000 - £3,499 20%
£3,500 - £25,000 17%
ESTABLISHED BUSINESSES (TRADING 2 YEARS +)
EQUIPMENT COST £1,000 - £50,000
TERM
12 – 60 months
RATE £1,000 - £3,499 17%
£3,500 - £24,999 14%
£25,000 - £50,000 13%
ADVANCE RENTAL
Subject to lend amount and risk:
Below £3,500 : Doc Fee +
£3,500 - £25,000 : 1+
£25,000 + : 10% or 3+
Tenants – min 2 years trading only
COUNTRIES
England
Scotland
Wales
Northern Ireland
EQUIPMENT COST £1,000 - £25,000
TERM
12 – 60 months
RATE £1,000 - £3,499 20%
£3,500 - £25,000 17%
ADVANCE RENTAL
DOCUMENT FEE
1+ subject to lend amount and risk
£150 + VAT
Commission up to 15% of cost
CREDIT SEARCHES
CCJs must be over 2 years old and not more than £1000 or a reasonable explanation must be provided the
cause/reason for CCJ.
No legal notices / insolvency proceedings
Defaults must be over 2 years old and not more than £1000
No finance house in arrears
No Interim or Final Charging Orders (Homeowners)
Traceable Voters Roll for 3 years
Equity to cover lend (Homeowners)
3

Private leased tenants only (No breweries)
Leasehold on pub
Short Term Business Loans – Non Regulated Business
COUNTRIES
England
Scotland
Wales
Northern Ireland
MINIMUM TWO YEARS TRADING
HOMEOWNERS ONLY
NON-REGULATED BUSINESS ONLY, THEREFORE SOLE TRADERS AND PARTNERSHIPS OF 3 OR LESS
MUST BORROW OVER £25,000
BUSINESS ACCOUNTS & LAST 3 MONTHS BANK STATEMENTS REQUIRED AT TIME OF PROPOSAL
VALUE £1,000 - £50,000
TERM
3-23 months
FIXED RATE AMOUNT RATE
%
ARRANGEMENT
FEE £
£1,000 28 150
£2,000 26 150
£3,000 25 150
£4,000 24 150
£5,000 – 9,999 22 150
£10,000 - £26,000
£26,001 - £50,000 (12-23 Months)
£26,001 - £50,000 (6-11 Months)
£26,001 - £50,000 (3-5 Months)
20
20
22
24
225
225
225
225
COMMISSION
Up to 10% of the loan amount on a pro-rata basis
CREDIT SEARCHES
CCJs must be over 2 years old and not more than £1000 or a reasonable explanation must be provided the
cause/reason for CCJ.
No legal notices / insolvency proceedings
Defaults must be over 2 years old and not more than £1000
No finance house in arrears
No Interim or Final Charging Orders (Homeowners)
Traceable Voters Roll for 3 years (Homeowners)
LTV 75% (Homeowners)
4

Long Term Business Loans – Non Regulated Business
COUNTRIES
England
Scotland
Wales
Northern Ireland
MINIMUM TWO YEARS TRADING
HOMEOWNERS ONLY
NON-REGULATED BUSINESS ONLY, THEREFORE SOLE TRADERS AND PARTNERSHIPS OF 3 OR LESS
MUST BORROW OVER £25,000
BUSINESS ACCOUNTS & LAST 3 MONTHS BANK STATEMENTS REQUIRED AT TIME OF PROPOSAL
VALUE £1,000 - £50,000
TERM
24-60 months
FIXED RATE AMOUNT RATE % ARRANGEMENT FEE
£
£1,000 28 150
£2,000 26 150
£3,000 25 150
£4,000 24 150
£5,000 – 9,999 22 150
£10,000 - £26,000
£26,001 - £50,000
20
18
225
225
COMMISSION
Up to 10% of the loan amount
CREDIT SEARCHES
CCJs must be over 2 years old and not more than £1000 or a reasonable explanation must be provided the
cause/reason for CCJ.
No legal notices / insolvency proceedings
Defaults must be over 2 years old and not more than £1000
No finance house in arrears
No Interim or Final Charging Orders (Homeowners)
Traceable Voters Roll for 3 years
LTV 75% (Homeowners)
5

Vehicles
COUNTRIES
England
Scotland
Wales
Northern Ireland
EQUIPMENT COST
£1,000 - £50,000 (Time in business dependent)
TERM
12 – 60 months (dependent on age)
RATE £1,000 - £3,499 20%
£3,500 - £24,999 17% (new start)
14% (established)
£25,000- £50,000 13% (established only)
ADVANCE RENTAL
10% subject to lend amount and risk
DOCUMENT FEE
£150 - £175 + VAT
Commission up to 15% of cost
CREDIT SEARCHES
CCJs must be over 2 years old and not more than £1000 or a reasonable explanation must be provided the
cause/reason for CCJ.
No legal notices / insolvency proceedings
Defaults must be over 2 years old and not more than £1000
No finance house in arrears
No Interim or Final Charging Orders (Homeowners)
Traceable Voters Roll for 3 years (Homeowners)
Equity to cover lend (Homeowners)
6

Hire Purchase – Non Regulated Business Only
COUNTRIES
England
Scotland
Wales
Northern Ireland
NON-REGULATED BUSINESS ONLY, THEREFORE SOLE TRADERS AND PARTNERSHIPS OF 3 OR LESS MUST
BORROW OVER £25,000
NEW START BUSINESS (TRADING LESS THAN 2 YEARS)
EQUIPMENT COST £1,000 - £25,000
TERM
12 – 60 months
RATE £1,000 - £3,499 20%
£3,500 - £25,000 17%
ESTABLISHED BUSINESSES (TRADING 2 YEARS +)
EQUIPMENT COST £1,000 - £50,000
TERM
12 – 60 months
RATE £1,000 - £3,499 17%
£3,500 - £24,999 14%
£25,000 - £50,000 13%
Commission up to 15% of cost
ADVANCE RENTAL Subject to lend amount and risk: VAT Only (20%) +
CREDIT SEARCHES
CCJs must be over 2 years old and not more than £1000 or a reasonable explanation must be provided the
cause/reason for CCJ.
No legal notices / insolvency proceedings
Defaults must be over 2 years old and not more than £1000
No finance house in arrears
No Interim or Final Charging Orders (Homeowners)
Traceable Voters Roll for 3 years
Equity to cover lend (Homeowners)
7

Social Clubs
COUNTRIES
England
Scotland
Wales
Northern Ireland
MINIMUM FOUR YEARS TRADING
EQUIPMENT COST £1,000 - £10,000
TERM
12 – 60 months
RATE £1,000 - £3,499 20%
£3,500 - £10,000 17%
ADVANCE RENTAL
DOCUMENT FEE
1 + subject to lend amount and risk
£150 + VAT
Commission up to 15% of cost
CREDIT SEARCHES
CCJs must be over 2 years old and not more than £1000 or a reasonable explanation must be provided the
cause/reason for CCJ.
No legal notices / insolvency proceedings
Defaults must be over 2 years old and not more than £1000
No finance house in arrears
8

Proposal Requirements
Business Information:
What type of agreement is required? (Lease, HP or Loan)
Business style
Business name
Trading as name (if different)
Business trading address
Nature of business
Years established
Personal Information:
Full name, current address and date of birth for all individuals (including Directors)
Previous address for all individuals if less than 3 years at current
Details of all / any additionally owned properties
Copy of a utility bill (Council Tax, Gas, Water or Electricity) if not on VR
Equipment details:
Equipment breakdown and cost
Equipment delivery address if different from business trading address
Details of supplier & confirmation as to whether the supplier is approved by broker
Acceptance Conditions:
Any additional information available is always greatly appreciated! Not only will it add strength to a proposal but
even information such a Photographic ID and Utility bills at the proposal stage means fewer conditions on an
acceptance. This will further ensure a smoother, quicker and more efficient process with acceptance, documents,
sign up and pay out.
Lease
(New Start
business)
Lease
(Established
business)
Lease
(Tenants)
Loans HP Social Clubs Vehicles
Photo ID
Directors Guarantee
Business Lease or
evidence of trading
address (if unable to
evidence during
underwriting)
3 months satisfactory
personal bank statements
3 months satisfactory
business bank statements
Business plan
Satisfactory accounts
Mortgage statement if not
on CAIS
9

General Guidelines
Acceptances
One pm acceptances are valid for 90 days from the original date of acceptance.
Any re-acceptance after this period will be subject to satisfactory new searches being carried out. Should we reaccept
a further 90-day validity period will apply.
A third expiry will be subject to a non-refundable re-acceptance fee which is payable before the searches are
carried out.
Advance Rental Payment and Document fee
All documentation fees are non-refundable. It is One pm policy to have had sight of the documents before receiving
the advanced deposit.
Payment can be made in one of the following ways:
Cheque – 6 working days to clear
Bank transfer – Customers can transfer into our account using their agreement number as reference. Please
contact us for our account details.
Card Payment – The customer can call the broker or One pm direct with the card details. One pm will then
take this immediately from the details provided.
Invoice Deduction – The customer can pay the deposit to the supplier or broker but this must be reflected
as a deduction on their invoice. The invoice must also confirm that full title will pass to One pm upon receipt
of payment.
Supplier and commission payments
As standard One pm pay all supplier and commission invoices via BACS. This service is free of charge and monies
will take 3 working days to clear.
We are also able to make payments by CHAPS, although a fee of £25 + VAT applies for this service.
All information must be received and processed by 14:45pm for payment to be issued that day.
We can pay supplier invoice subject to copy documents but must receive the originals before broker commission
will be paid.
If you are not sure of something please give us a call on
01225 474230
10

Terms & Conditions
One pm requires permission to search individuals.
It may sometimes be necessary for the underwriter to request additional information in order to make a decision –
This is at the underwriter’s discretion.
Please note that all documentation fees are non-refundable.
One pm values the talents and abilities of its Brokers and seeks to foster an open and co-operative relationship,
the One pm handbook is therefore intended as a guide to establish policies, procedures and provide information
for its Brokers.
The policies and procedures outlined in this handbook will be applied at the discretion of One pm. The Company
reserves the right to deviate from the policies, procedures and conditions described in this handbook. Furthermore,
One pm reserves the right to withdraw or change the policies, procedures and conditions described in this
handbook at any time, for any reason, and without prior notice.
The Company will make every effort to notify Brokers when an official change in policy or procedure has been
made.
This document is confidential and neither it nor any of its contents may be reproduced in whole or in part or passed
on to any person without the consent of One pm. All requests for information and inquiries should be made to 1pm.
This document is not intended to be an inducement to a contract.
Please review the policies and procedures described in this handbook.
1pm (UK) Limited
Company No. 03681755
1pm (UK) Limited is a wholly owned subsidiary of 1pm PLC
11

Product Quick Guide
LEASE
All legal entities, ALL of UK
£1,000 - £25,000 new start
£1,000 - £50,000 established (2+ years trading)
Tenants considered (2+ years trading)
Rates from 13% (see below)
Doc fee £150 ex vat
12-60 months
HIRE PURCHASE
Non-regulated business only, All of UK
£1,000 - £25,000 new start
£1,000 - £50,000 established (2+ years trading)
Tenants considered (2+ years trading)
Rates from 13% (see below)
Doc fee £150 ex vat
12-60 months
SHORT TERM LOAN (UNDER 2 YEARS)
Non-regulated business only, All of UK
£1,000 - £50,000 ltd, plc, and partnerships of 4 or
more
£25,001 - £50,000 as above plus sole traders and
partnerships of 3 or less
Homeowners only
2 years + trading
Rates from 20%
Doc fee variable (see below)
3-23 months
LONG TERM LOAN (OVER 2 YEARS)
Non-regulated business only, All of UK
£1,000 - £50,000 ltd, plc, and partnerships of 4 or
more
£25,001 - £50,000 as above plus sole traders and
partnerships of 3 or less
Homeowners only
2 years + trading
Rates from 18%
Doc fee variable (see below)
24-60 months
STANDARD RATE CHAREGES FOR HP AND LEASE
£1,000 - £3,499 £3,500 - £24,999 £25,000 - £50-000
0-2 YEARS TRADING 20% 17% N/A
2+YEARS TRADING 17% 14% 13%
TENANT 2+ YEARS 20% 17% N/A
STANDARD RATE CHARGES FOR LOANS
AMOUNT
ANY TERM
RATE
ANY TERM
ARRANGEMENT FEE
ANY TERM
£1,000 28% £150
£2,000 26% £150
£3,000 25% £150
£4,000 24% £150
£5,000 - £9,999 22% £150
£10,000 - £26,000 20% £225
Over 2 Years Term
Over 2 Years
Over 2 Years
£26,001 - £50,000
Under 2 Years
£26,001 - £50,000 (3-5 months)
£26,001 - £50,000 (6-11 months)
£26,001 - £50,000 (12-23 months)
18%
Under 2 Years
24%
22%
20%
£225
Under 2 years
£225
£225
£225
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www.onepmfinance.co.uk
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