Definitions and Interpretations

Agreed Products

Loans secured on assets that include but are not limited to real property, whether those loans are regulated by the FCA or not and whether those loans are for personal or commercial purposes;

Applicable Legislation

The Consumer Credit Acts 1974 and 2006, the Data Protection Act 1998 (DPA); the Financial Services and Markets Act 2000, the Rules of the Financial Conduct Authority and any other applicable statutes, regulations and guidance.


An individual who wishes to apply for an Agreed Product.

Applicant Data

Information about an Applicant that is supplied to Thistle Finance Ltd by the Introducer with a view to Thistle Finance Ltd sourcing an Agreed Product for the Applicant.


The Financial Conduct Authority.


The sum paid to Thistle by the lender and/or the Applicant in respect of a Successful Applicant excluding the Administration Fee.

Successful Applicant

An Applicant that completes an Agreed Product as the result of the introduction of it to Thistle, by the introducer.

Mortgage Credit Directive (MCD)

An EU framework of conduct rules for Mortgage firms, implemented in the UK on March 21st 2016. The directive applies to first and second charge mortgages.

Application In Principle (AIP)

An agreement with a bank or lending institution that a loan has been approved and will be extended when needed.


Formal offer of finance not withstanding normal due diligence process.


Conclusion to the application when draw down of funds occurs.