This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong.
Terms and Conditions
Last updated: 03 March 2022
JustUs Terms and Conditions
JustUs is an electronic system accessible from the website with the URL http://www.JustUs.co ("Website") which system facilitates lending between lenders and borrowers ("Platform"). The Platform is owned and operated by eMoneyHub Limited. eMoneyHub Ltd is Authorised and regulated by The Financial Conduct Authority. eMoneyHub Limited is registered in England and Wales. Registered Office Block 1 G82 Alderley Park, Congleton Road, Nether Alderley, Macclesfield, Cheshire SK10 4TG. Company Number 08158588.
In these terms and conditions, as they may be amended from time to time ("Terms & Conditions") references to "we", "us", "our" and any similar expression shall be a reference to eMoneyHub Limited and (to the extent required where these terms are incorporated by reference in any other agreement) any of our subsidiaries.
By agreeing to these Terms agreement you will have a "Membership" with us and therefore become a "Member".
1. The effect of these Terms & Conditions
By agreeing to these Terms & Conditions and/or by continued use of the Services, you agree to be bound by these Terms & Conditions in their entirety and any other document that is incorporated into them by reference into these Terms & Conditions.
2. Opening a JustUs "User Account"
You will need to register with us to create a User Account before you are able to borrow or lend any money.
3. Becoming a JustUs "Lender"
To become a Lender you can deposit monies into your Nominated Bank Account via bank transfer or standing order.
4. Becoming a JustUs "Borrower"
Before you become a Borrower, you must apply for a JustUs "Risk Grade".
5. Peer to Peer Micro-Loan Agreements
When a Loan Request is fully funded by Bids, the Platform shall facilitate the entry by the Borrower and each of the individual Lenders into multiple bi-lateral agreements ("Micro-Loans") which combined form a "Peer to Peer Micro-Loan Agreement" for the full amount of the loan requested.
6. Acceptance of each Peer to Peer Micro-Loan Agreement
The Borrower and each of the Lenders will signify their acceptance and execution of each Micro-Loan making up a Peer to Peer Micro-Loan Agreement (and its terms and conditions) by ticking an appropriately marked acceptance box within the Platform, when prompted to do so.
7. Funding
Upon each Peer to Peer Micro-Loan Agreement being executed, that part of the Loan which the Lender agreed to lend to the Borrower ("Micro-Loan") will be debited from the Lenders User Account.
8. Late payments and arrears
In the event that a Borrower fails to make a payment when due or defaults in meeting any material obligations of each Peer to Peer Micro-Loan Agreement, we will undertake to ensure the payments are made up to date on behalf of the Lender.
9. Security
In the event that a Borrower fails to make a payment when due or defaults in meeting any material obligations of each Peer to Peer Micro-Loan Agreement, you agree to instruct us (as security holder on your behalf as a Lender) to enforce any such Security.
10. Interest and repayments
Interest on the Loan will be deemed to accrue from the first business day following the Advance Date.
11. Selling your Micro-Loan
If a Lender would like to sell a Micro-Loan they may do so to other Lenders.
12. JustUs Charges
For providing you with a platform that enables you to lend or borrow money, we will be paid a commission to administer the loans and from time to time may levy other charges.
13. The Rainy Day Pot
The “Rainy Day Pot” monies are held for the additional protection of all Lenders of unsecured loans.
14. Innovative Finance ISA
JustUs is the ISA Manager and is registered with HMRC as an ISA Manager.
15. The ISA Pots Structure
ACCESS
- Un-lent capital will benefit from interest equivalent to 1.2% annually (paid monthly).
PRUDENT
- Buy To Let mortgages which will be secured by way of a first legal charge against UK residential property up to a maximum LTV exposure of 65%.
BALANCED
- Bridging loans which will be secured by way of a first legal charge against UK residential property with a maximum exposure of 75% LTV.
16. IFISA Payments and Withdrawals
Withdrawals can be made at any time from your JustUs IFISA.
17. Cancellation
You have the right to cancel your application or in the case of a live IFISA account by contacting us at support@justus.co.
18. Account Closure
Any account closure request should be addressed by contacting us at support@justus.co.
19. Death
At death, the taxation benefits of the IFISA are lost.
20. Bankruptcy
ISA tax exemptions will no longer apply in the event of bankruptcy.
21. ISA Transfers (in/out/internal)
When you open your JustUs IFISA you may transfer funds from an existing ISA with another provider.
22. ISA Regulations
The management of your JustUs IFISA will be subject to the ISA Regulations.
23. Termination
If you no longer want to be a Member you can let us know and we will end your membership as soon as any current Peer to Peer Micro-Loan Agreements are repaid and/or come to an end.
24. Lender's agreements with JustUs
Each Lender acknowledges that they are bidding and lending entirely at their own risk.
25. General terms
This Website is not intended for distribution to, or use by, any person or entity in any jurisdiction where such distribution or use would be contrary to applicable law or regulation.
26. Limitation of liability
We shall not be liable to you for any loss or damage which you may suffer as a result of being a Member or using the services provided via the Website.
27. Wind Down Arrangements
Under guidance from the FCA, we accept the importance of regulated firms considering the contents of a wind down plan as best practice.
28. Representations and Warranties
You are able to enter into a legally binding agreement with us.
29. Our Use of your Personal Information
For Borrowers, we will obtain information about you from credit reference and fraud prevention agencies to help make decisions about you.
30. Communications and Notices
Communications and notices to be given under these Terms & Conditions should be sent to us via email to support@justus.co.
31. Choice of Law
These Terms and Conditions are subject to English law and the exclusive jurisdiction of the English Courts.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED AGAINST IT. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU WILL REPAY.