Developer Terms & Conditions

These terms and conditions (Terms and Conditions) set out the terms on which you engage the services of PropertyAngels.Life Limited (referred to in these Terms and Conditions as “we”). 

1. Introduction

1.1. By acknowledging/signing these Terms and Conditions you agree to be bound by them. 

1.2. This document should be read in conjunction with our Privacy Policy. 

1.3. References to “you” and “your” relate to the limited company subscribing for our developer services.

1.4. References to a “Developer” is to a person (including you) who subscribes to receive our services pursuant to these Terms and Conditions.

1.5. References to a “Guarantor” is to a person or persons who have agreed to guarantee your payment obligations pursuant to clause 4.2 below.

1.6. References to an “Angel” are to a person to whom we make your profile available and who may choose to connect with you with a view to providing loan finance. 

1.7. References to our “Platform” means the electronic medium through which we provide access to our services, which may include our website, mobile application or such other electronic media as we may develop from time to time.

1.8. You acknowledge and understand that any loan you may enter into with an Angel in respect of which we may charge a commission pursuant to clause 4.2 will not amount to an investment that is subject to the UK financial services regulatory regime. Accordingly, we are not subject to regulation by the Financial Conduct Authority in respect of our introductory services and you do not have corresponding rights under the UK financial services regulatory regime.

1.9. By using the services provided by us, you confirm that you have read and understood these terms and conditions (or subsequently updated versions). In addition, an individual entering into these terms and conditions on behalf of a company confirms they are authorised to do so on the company’s behalf. 

1.10. If, after reading these Terms and Conditions, you feel you are not able to act upon them, or be bound by them, then you should not proceed to access our services.

2. Eligibility to be included on our Developer directory

2.1. To become a Developer client of ours, the following criteria must be met:

2.1.1. you must be incorporated as a limited company;

2.1.2. you must meet such vetting procedures as we may apply from time to time to confirm your appropriateness to be included in the directory. 

2.2. We reserve the right to decline an application to be included on the directory at our absolute discretion.

3. Services we provide to Developers

3.1. Upon acceptance for inclusion in the directory, we will liaise with you to create a business profile to be made available to Angels via our Platform.

3.2. If an Angel wishes to be connected to you, we may contact them to obtain or provide further information to increase the likelihood of the connection being fruitful. Where we and the Angel agree to proceed, we will then provide them with your contact details or otherwise effect an introduction to you.

3.3. Our service is merely introductory and it is your responsibility to conclude any lending proposal directly with the Angel and to engage professional advisers where required.

4. Our remuneration

4.1. You will pay us a marketing fee based on the prominence you wish to receive on the Directory. We will agree this fee with you directly for each season you wish to be included in the directory. Fees. A “season” means each calendar year, starting on 1 July and finishing on 30 June. 

4.2. If an Angel provides you with finance, you will pay us a commission at a rate specified by us in writing to you. This rate of commission will be applied to the loan amount and will become payable within 2 business days of you drawing down the loan. This will apply to all loans you enter into with the Angel within 3 years of the season in which we first connected them to you. This clause applies to loans made by an Angel to any legal person connected with any of your officers or shareholders unless you have disclosed the connection to us in advance of entering into the loan and we have agreed in writing that our introduction was not materially linked to the provision of the loan.

4.3. If you do enter into a loan or other financing arrangement with an Angel under which a fee is payable pursuant to clause 4.2, you undertake to provide us with the details of the relevant transaction(s) within 2 business days of entering into the transaction or entering into written heads of terms, whichever is the earlier. You will provide us with such other information about the loan as we may reasonably request, including copies of any finance document. Compliance with this clause goes to the essence of our agreement and failure to notify us of a loan will result in an additional fee of 3% becoming due to us from the date you draw down the loan.

4.4. All fees referred to in this clause 4 are quoted exclusive of VAT. As at the date of these terms and conditions, no VAT is payable in respect of our fees, but we will notify you if this position changes over time (for example, because we exceed the VAT registration threshold).

4.5. Interest at 8% above the Bank of England Base Rate will apply to late payment of our fees under clauses 4.2 and 4.3 above.

5. Termination and cancellation

5.1. If you no longer wish to be included on the directory, you may simply cease to pay upcoming marketing fees and our provision of services under these terms and conditions will automatically terminate in respect of the next season. Termination of these terms and conditions will not extinguish your notification and commission fee payment obligations pursuant to clause 4 above.

5.2. If you wish to cancel your directory listing, you may do so by notifying us within 14 calendar days of paying the marketing fee and we will refund it to you. You will not be able to cancel your directory listing if: we have already provided your contact details to an Angel; we have already started work on producing your profile based on information you have provided to us; or if we have otherwise substantially performed part of the services referred to in clause 3.

6. Notices

6.1. Any notice under these Terms and Conditions from you to us should be sent to us in writing via email at: helen@propertyangels.life

6.2. Any notice under these Terms and Conditions from us to you shall be sent via email using the contact details you provide pursuant to our vetting processes.

7. Other Terms

7.1. You alone are responsible for the accuracy of the information you provide to us for inclusion in the directory and we do not provide verification services. 

7.2. We are not in any way responsible for the actions of Angels whom we may connect you with. 

7.3. We own all present and future copyright, trade marks and designs (registered and unregistered) and intellectual property rights in the Platform. 

7.4. From time to time we may amend or vary these Terms and Conditions and will inform you when we do so. 

7.5. If any part of these Terms and Conditions is found to be illegal, invalid or unenforceable by any court or regulatory authority, the remainder shall continue in full force and effect. No single or partial exercise, or failure or delay in exercising any right, power or remedy by either you or us shall constitute a waiver by either party or preclude any further exercise of that, or any right, power or remedy arising under these Terms and Conditions

7.6. These Terms and Conditions are governed by English law and the courts of England will have non-exclusive jurisdiction to settle any disputes that may arise in relation to them. 



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