hi@greenpastures.co.uk
0300 365 4500
InvestingHousing

Investment Terms and Conditions

  1. Applicants must be at least 16 years of age. In the case of joint applications, all must sign.
  2. Interest is payable on unsecured loan stock and in accordance with the Rules of GP CBS. Applications must be made using the Application Form relating to the current issue of Loan Stock. Applications using the form relating to the previous issue may be accepted if delivered during the first two working days of a new issue in which case such acceptance will be under the Terms and Conditions relating to that previous issue. The directors need to balance the funding needs of GP CBS with funds on offer. To this end, they reserve the right to vary the rates of interest on offer from time to time and usually from issue to issue. This may mean that interest rates offered are lower or higher than those previously available.
  3. Applications to GP CBS for unsecured loan stock may be refused by the Board of GP CBS without giving any reason therefor, in which case your cheque will be returned to you through the post at your risk or any bank transfer repaid. A contract will not exist between us until we have confirmed your investment.
  4. Applications for unsecured loan stock may only be made by post; payments may be made by bank transfer.
  5. Successful applicants will normally receive confirmation within 2 working days of receipt.
  6. GPCBS may, at its discretion, accept applications for early repayment of loan stock. The Directors will consider early repayment of all or part of a loan stock holding only in the case of exceptional circumstances of the investor (e.g., job loss, serious illness, etc...) based on a written request stating the reasons. A rigorous assessment of such requests is a condition of GP CBS being permitted by its regulator to issue loan stock. GP CBS will endeavour torespond within two weeks of receiving a request with its decision.
  7. Interest is payable after deduction of tax at the basic rate from time to time. If you are exempt from tax complete an R40 at year end and post to HMRC to reclaim the tax.
  8. Unsecured loan stock is not transferable in any circumstances.
  9. Unsecured loan stockholders shall cease to be entitled to amounts due in respect of interest which remain unclaimed for a period of 6 years and to amounts due in respect of principal which remain unclaimed for a period of 10 years, in each case from the date on which the relevant payment first became due.
  10. No application has been or is intended to be made to any Stock Exchange for the unsecured loan stock to be listed or dealt in.
  11. Unsecured loan stock, as and when issued, shall rank pari passu equally and rateably without discrimination or preference as an unsecured debt obligation of GP CBS for the punctual payment of the principal and interest in respect of it and for the performance of all the obligations of GP CBS with respect to it.
  12. Confirmation of your investment will be sent by post at your risk to your address given in the application form.
  13. Unsecured loan stock will be repaid with accrued interest on the maturity date (unless renewed) subject to receipt by GP CBS of confirmation of repayment requirement and payment instructions.  GP CBS may contact you before your redemption date with a reminder and offering renewal options.
  14. In the event of the death of a holder, interest will cease to accrue from the date of death as shown on the death certificate, a certified copy of which should be submitted promptly to GP CBS. If one of joint holders dies, the investment continues in the name of the survivor who may have an obligation to the estate of the deceased for their share at maturity.
  15. Any notice required to be given to GP CBS under the Terms and Conditions of the unsecured loan stock shall be in writing and may be given either personally, by email, or by sending it by post in a prepaid envelope addressed to GP CBS at its administration office at 28 Union Street, Southport, PR9 0QE or to such other address as GP CBS may from time to time notify to the unsecured loan stock holders for the purpose.
  16. A notice given or sent by an unsecured loan stock holder to GP CBS shall not be effective unless and until received by GP CBS’s secretary. Any other notice given or document sent by post within the United Kingdom shall be deemed to be served or received at the expiry of 48 hours (or when sent by second class mail72 hours) after the time it is posted and in proving service a receipt shall be sufficient to prove that the envelope containing the notice or documents was properly addressed, stamped and posted. In case of the email, a read receipt must be attached to the message (under ‘Options’ in Microsoft Outlook, not currently available in Mac Mail) so that you are notified when the message is read. The notice shall be deemed received three hours after the time of the read receipt. The use of security software is strongly recommended when using email.
  17. The issue by GP CBS to you of confirmation of your investment creates a contract.Your right of cancellation begins on the date of posting the application and ends 28 days from that date. On cancellation you will receive your money back. You do not have to give any other notice. You may cancel your application at any time so as to reach us before the expiry of the 28 days, using post, personal delivery or email.
  18. Extract from the Rules: Rule 17 of GP CBS states: 17.1 GP CBS may borrow money on such terms as the Board shall from time to time determine, provided that such borrowings shall not exceed £500,000,000. 17.2 GP CBS shall have power to mortgage or charge any of its property, including the assets and undertakings of GP CBS present and future to issue debentures and other securities for money borrowed or for the performance of any contracts of GP CBS or bodies having dealings with GP CBS. 17.3 The rate of interest on money borrowed, except on money by way of bank loan or overdraft or on mortgage from a building society or local authority shall not exceed 9% per year or such other amount as the directors may from time to time determine. 17.4 GP CBS may receive donations from any persons, firm and companies. GP CBS shall not accept deposits. GP CBS shall issue loan stock only in accordance with the Financial Services and Markets Act 2000 (FSMA). GP CBS may only receive loans in accordance with law(including without limitation FSMA). 17.5 The directors may in their absolute discretion suspend payment of interest and/ or repayment of any loan at anytime and from time to time.
  19. Data Protection. By completing this unsecured loan stock application form you consent to GP CBS holding personal data about you in accordance with the Data Protection Act 2018 (as amended) and to GP CBS transferring such data to third parties, which may be in other countries, for processing and/or storage. GP CBS does not sell or exchange mailing lists. In signing the application form you(each of you if more than one is applying) confirm you understand that the personal information that you have given on the application form and give during the period of your holding unsecured loan stock will be retained by GPCBS or its third party service providers on computer and other records. You also understand that your personal information and unsecured loan stock details may be:
    1. used to process your application; provide the services you request; deal with enquiries you make or authorise to be made and contact you regarding your unsecured loan stock;
    2. used for market research purposes, developing products and services, statistical business analysis, and creating and maintaining a customer profile;
    3. disclosed to appropriate regulatory authorities(including regulators of voluntary codes of practice), auditors, any other body having legal right to the information or anyone you appoint to administer or operate your holding of unsecured loan stock;
    4. used to investigate complaints;
    5. used to check your identity to ensure GP CBS meets money laundering regulations;
    6. used to identify and tell you (by telephone, post or electronic media) about any products and services that might be beneficial to you.

      GP CBS will not share any information about you and your unsecured loan stock outside GP CBS for marketing purposes.  You have the right to receive a copy of the information we hold about you if you apply to us in writing. A fee may be payable.  
  20. Money Laundering. GP CBS complies to the extent required by law with the Money Laundering Regulations 2003, the Proceeds of Crime Act 2002 and other rules and regulations relating to money laundering. Accordingly GP CBS requires to verify the identity of any applicant.
  21. Complaints. If you have a complaint, write to or telephone Green Pastures on 0300 365 4500. GP CBS will not tolerate verbal or physical abuse towards its staff.
  22. The laws of England apply to this application. The courts of England and Wales have exclusive jurisdiction. English language is the definitive language.
  23. If you are having difficulty completing the application form please telephone 0300 365 4500.