Option Fees and Charges
Administration Charge:
Example:
| Item Price: | Administration Fee: |
| £500.00 - £1,499.00 | £50 |
| £1,500.00 - £4,999.00 | £100 |
| £5,000.00 - £9,999.00 | £150 |
| £10,000.00 Upwards* | £500 |
At Loan Purchase we believe in fairness. Loan Purchase do not penalise people that have higher priced items to sell. Similarly we have smaller administration charges for cheaper items.
* Fee will be subject to items offered to Loan Purchase.
Option Fees
Buy Back option fee is dependent on amount Loan Purchased, and are calculated on a 28 day period.
Example:
Item Bought: £1000
Option Fee Examples:
| £1000.00 - Amount Loan Purchased | £120 - Buy Back option fee, payable every 28 day period |
| £2350.00 - Amount Loan Purchased | £235 - Buy Back option fee, payable every 28 day period |
| £5500.00 - Amount Loan Purchased | £440 - Buy Back option fee, payable every 28 day period |
| £10,000.00 - Amount Loan Purchased | £600 - But Back option fee, payable every 28 day period |
Buy Back perios can be extended every 28 day period.
Sellers can exercise their buy back option before the end of the 28 day period, however, will still be subject to applicable fees.
Transport Charges
All transport charges in getting the item to Loan Purchase are covered by The Company, on seller exercising the Buy Back option transportation charges to have items returned are paid for by the client.
Independent valuation Charges
You will incur no additional charges should a professional valuation be required for your item.
Storage Charge
We do not charge for storage once we have purchased the item from you. If you buy the item back you have seven days to collect the item. If you do not collect the item storage charges will be accrued on a daily basis. If you accrue any storage charges by non collection, charges will have to be paid in full before the item can be released to you.