Security For Expenses Ltd

Security for Expenses Ltd provides a simple, regulated facility for holding money as security for expenses under the Party Wall etc. Act 1996. The company is regulated by the Financial Conduct Authority as a Small Payment Institution (No. 764090) and supervised by HM Revenue and Customs as a Money Service Business (No. Money is deposited directly by the person giving security into our segregated client account at Barclays Bank plc. which means that it is safeguarded under the Payment Services Regulations 2009. In simple terms, once an owner has deposited funds for security for expenses we will only release them on the direction of the Parties in agreement or, if not in agreement, by the appointed Agreed Surveyor, two members of the tribunal of Surveyors or, if no two are in agreement, the Third Surveyor. Of course, the detail is more complicated but by sending money to us to hold as security for expenses an owner agrees to be bound by all the terms and conditions on our website.