Complaints Handling Policy

Sancus Lending Group Limited, Complaints Handling Policy

This policy applies to the following entities of Sancus Lending Group Limited (collectively the “Sancus Group” and each “Sancus”), which include: Sancus Group Holdings Limited, Sancus Lending (Guernsey) Ltd; Sancus (Jersey) Ltd; Sancus Lending (UK) Ltd; Sancus (Gibraltar) Ltd and Sancus Lending (Ireland) Ltd.

1. Our complaints policy

The Sancus Group is committed to providing a high-quality service to our clients. This policy explains how we deal with any complaint that is referred to us.

2. Complaints Handing Procedure

If you have a complaint, you can contact us by email at complaints@sancus.com, or by telephoning or writing to the relevant Sancus entity. To explain to you how long this process might take we have included our target times for each stage of the process. Where it is not possible to observe any of these limits we will let you know and explain why.

For contact details of each Sancus entity, please click https://www.sancus.com/get-in-touch/

3. What will happen next

We will endeavour to resolve your complaint within 3 working days of receipt by using the 72-hour Complaints Process. If this is not possible, the Formal Complaints Procedure will come into force.

72-hour Complaints Process

If we are able to process your complaint and determine the outcome within 3 working days we will issue a Summary Resolution Letter:

a) acknowledging you have made a complaint and confirming that we consider the complaint is resolved; and
b) if you are not satisfied with the outcome, we will provide details of alternative dispute resolution (“ADR”).

Formal Complaints Process

If we have not been able to resolve your complaint within 3 working days we will acknowledge receipt of the complaint in writing within 5 working days, confirming our understanding of the complaint and enclosing a copy of the complaints handling procedure. We will investigate the complaint and determine the outcome. If the complaint is upheld, this investigation will also determine what, if any, redress is appropriate.

Once the investigation has been completed and an outcome is determined, we will issue a Final Resolution Letter confirming:

a) the details of the complaint;
b) a summary of the outcome including details of any redress, if any; and
c) if you are not satisfied with the outcome, details of ADR.

If the investigation has not been completed within 28 days (4 weeks) we will send a 4-week Holding Letter advising what progress has been made and any indication of when the matter will be resolved.

If the investigation has not been completed within 56 days (8 weeks) we will send an 8-week Holding Letter advising:

a) why the complaint cannot be resolved within 8 weeks;
b) when we expect to resolve the complaint; and
c) details of ADR.

We will continue to investigate and attempt resolution until such time as a Final Resolution Letter can be issued.

4. Alternative Dispute Resolution (ADR)

For each Sancus entity, the applicable ADR for eligible complainants is as follows:

Jurisdiction Ombudsman Service
Jersey Channel Islands Financial Ombudsman
Guernsey Channel Islands Financial Ombudsman
UK Financial Ombudsman Service
Gibraltar Financial Services Commission
Ireland Financial Services and Pensions Ombudsman

For the purpose of Sancus Lending (UK) Limited, ‘Eligible complainants’ is defined by the Financial Conduct Authority in their Dispute Resolution handbook as

a) a client (individual);
b) a micro-enterprise (less than 10 employees and balance sheet or turnover of less than £2m);
c) a charity which has an annual income of less than £1m at the time of the complaint; or
d) a trustee of a trust which has a net asset value of less than £1m at the time of the complaint

For the remaining operating entities please refer to the relevant guidance for that jurisdiction.

5. Information rights complaints

If you have a specific complaint about how we have handled your information, you may wish to contact our personal data team directly by e-mailing data.controller@sancus.com. Our Privacy Policy sets out further details of your information rights. Thank you for bringing your concerns to our attention. We will do our best to address any dissatisfaction that you have experienced in using our services. Our primary objective is to put things right.

Our Privacy Policy can be accessed via the following link https://www.sancus.com/privacy-policy/

Risk Warning: You could lose all or part of your capital. Indicated returns, unless otherwise stated, are shown before any provision for bad debts and may be subject to tax.

Funding through Sancus is entirely at your own risk and the decision whether or not to is solely yours. The return on any funding opportunity is dependent on a number of factors and cannot be guaranteed. We cannot give assurances as to the creditworthiness of any borrowers, the collectability of any repayment, the quality and accuracy of any information obtained in respect of any funding opportunity or the enforceability of any security. In the event of a default, the timescales and outcome of any recovery is inherently uncertain. By using the platform, you knowingly accept the foregoing risks and you further accept that the role of Sancus is limited to providing an online marketplace for users and that information obtained from Sancus does not constitute legal, financial, tax or other advice or recommendation in relation to a funding opportunity, and you will conduct your own research and form your own opinion as to whether or not to participate in a funding opportunity. There is no recourse to the Financial Services Compensation Scheme, or other such government run compensation schemes. The UK platform is operated by Sancus Lending (UK) Limited, a UK incorporated company which is authorised and regulated by the Financial Conduct Authority, firm reference number 593992.