Initial decisions – Paying for the funeral 12 Paying for the funeral Funeral Finance All the families that we serve have the option of financing all or part of their funeral arrangements. There are many reasons why you may chose to spread the cost of your chosen arrangements but our partnership with ‘Funeral Safe’ ensures that the entire process will be simple and stress-free. You can be assured that as a trusted partner, Funeral Safe will deal with any application in complete confidence and their friendly UK based staff are always on-hand to guide you through the process and offer advice. How do I apply? Making an application is a simple process:- By phone: 0330 002 0875 Online: www.funeralsafe.co.uk Monthly repayment/instalment table (APR Example 15.9%) £1000 £2000 £3000 £4000 £5000 12 Mths £90.22 £180.44 £270.67 £360.89 £451.11 18 Mths £62.34 £124.69 £187.03 £249.37 £311.72 24 Mths £48.44 £96.87 £145.31 £160.50 £242.18 30 Mths £40.12 £80.25 £120.37 £160.50 £200.62 36 Mths £34.61 £69.21 £103.82 £138.42 £173.03 42 Mths £30.69 £61.37 £92.06 £122.75 £153.43 48 Mths £27.77 £55.53 £83.30 £111.06 £138.83 Will I still need to pay a 50% deposit? As long as you make your application in time before the funeral and it is successful, Funeral Safe will pay the funds straight into our chosen bank account. Additionally Funeral Safe will not ask you for a deposit or an arrangement fee, ensuring that as a family you will have the peace of mind to concentrate on what’s important. What happens if I want to pay the loan off early? Funeral Safe do not charge early repayment fees, ensuring that their financing options remain flexible and responsive to your needs. They understand that many families may only need a short term loan but still want the reassurance that the funeral account will be paid in full, by not charging early repayment fees you are always in control. Explanation: Funeral Safe provides finance from £500 - £7500 at 15.9% - 24.9% APR based on circumstances and subject to status over terms of 12 - 48 months. Representative example : Loan amount of £2500.00 with a monthly repayment of £237.49 over a term of 12 months at a rate of interest per annum of 14% Fixed . This is equivalent to 24.9% APR representative. Total amount repayable is £ 2849.88. The representative example and guidance repayment table above are reflective of the sum of the total funeral cost. Your personal circumstances affect the rate we can offer you which may differ from the representative APR and the guidance figures above . We will do a credit assessment of your circumstances when you apply. Credit available subject to status. Funeral Safe Limited o Alton Business Centre, Valley Lane, Wherstead, Suffolk, IP9 2AX. Funeral Safe Ltd is the lender and is authorised and regulated by the Financial Conduct Authority. Funeral Safe Limited are Authorised and regulated by the Financial Conduct Authority Paying for the funeral Paying for the Funeral How much will I need to pay when making the initial arrangements? We don’t ask for any fees to be paid immediately but respectfully ask that 50% of the account is paid within 5 days of making the initial arrangements. These funds are used to pay the third party fees, such as the minister and crematorium as well as contribute to some of our essential services that we will be providing to you and your family. If you have opted for a Direct cremation service, we ask that all fees are paid in advance. How should I pay these fees? When you arrange a funeral with us we will provide you with a full written estimate of the costs that may be involved. This will need to be signed by the person instructing us and also by the person who will ultimately take financial responsibility for the funeral arrangements. Please note this is only an estimate and we may need to confirm further costs with you once we have been able to speak to external authorities, dependent on your requirements. You can pay for our services in a number of ways:- For your convenience we prefer bank transfer but also accept debit or credit cards, cheque’s and cash. Bank Transfer: Account Name: S. Stibbards & Sons Ltd Account No: 75598841 Sort Code: 60 09 24 (N.B. Please include reference number and deceased’s surname for our reconciliation.) Alternatively, if you would like to release funds from the deceased’s bank account, we can provide you with a formal itemised account which will allow their bank to make a payment directly to us. Our payment terms The Account The final invoice will be sent shortly after the funeral showing the outstanding account. Our standard terms allow 30 days from the date of the invoice for settlement to be made. If the account is to be passed to a third party for payment, please inform them of our payment terms. We reserve the right to charge a fee of £25.00 per month or part thereof that an account remains outstanding. Outstanding Accounts If you feel that you may be unable to pay the final invoice for any reason, please contact us in the first instance so that we may be able to find a way forward to settle the account. We understand that circumstances change or you may have difficulty accessing funds whilst the estate is administered. If the account is not settled within our standard payment terms and we do not have any communication from the person responsible for the account, we reserve the right to instruct a third party debt collection agency to act on our behalf to recover any outstanding amounts. 13 Initial decisions – Paying for the funeral
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