| Q. How do I become a partner of Moneyway? |
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A. You can complete our partner application form here. You will need to have been trading for at least 12 months, have a minimum net worth of £25,000 and be able to supply us with account proof to become an approved partner.
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| Q. When do you payout? |
| A. Payments are made to the credit intermediary’s bank account by BACS the day after you have received payout confirmation.
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| Q. When do you pay commissions? |
| A. Commissions are generally paid by the 15th of each month in arrears. |
| Q. Do you have a Prime product? |
| A. Yes, our products cover the majority of the risk curve, from Prime to Non-Prime. If you send us a proposal and the customer doesn’t fall into our Prime tiers, we will automatically consider them for a Non-Prime product on a rate for risk basis.
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| Q. Do you accept customers that are self-employed?
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| A. Yes we do, subject to the customer meeting the minimum time as self-employed (12 months for non prime and 3 years for prime). |
| Do you fund the Gap/Warranty, if it’s included in the cash price & itemised on the invoice?
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| A. Yes, this will be restricted depending on the Loan to Value. |
| Q. How long do you take to underwrite applications?
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| A. The majority of applications are decisioned in under five seconds, referred proposals in normal working hours are underwritten within one hour. |
| Q. Are Moneyway a broker?
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| A. No, we are a self-funded lender. We can work in partnership with brokers. |
| Q. Do I need full FCA permission to work with Moneyway. |
| A. Yes, we require you to hold full FCA permission. |
| Q. Do you accept customers on benefits? |
| A. Yes, we do for certain benefits including: Carers Allowance and Disability Living Allowance. We do not accept unemployed or in receipt of Job Seekers Allowance. |
