Licensing Customer groups

Providing PAF access to Broker groups e.g. independent financial advisors

Financial Services institution B&G, uses a PAF Solution within its internal call centre and across its mortgage network. As part of this 5,000 independent financial advisors can validate their customers’ address details against B&G’s PAF Solution before receiving discounted quotations from a range of B&G approved mortgage providers.

Whist this scenario only gives the example of the PAF dataset being utilised, the same licensing guidelines apply for both the Multiple Residence and Not Yet Built datasets. Additonal licence fees would apply.

Are B&G and its 5,000 IFAs separate legal entities?