Welcome to Security for Expenses Ltd.
Regulated, proven and secure escrow services for property and construction
We hold funds in escrow for expected and unforeseen expenses for all kinds of building works and property matters, providing peace of mind for all parties.
What do you need help with?
FCA regulated
Funds held at the Bank of England
Founded and run by experts
Over 10 years of trading
The only independent, Financial Conduct Authority (FCA) and HMRC regulated escrow service specialising in property
Founded and run by surveyors, you deal with real people with real expertise.
10years
providing fully regulated escrow services
1904clients
have trusted us with their deposits since 2016
125+ years
industry experience within our management team
£239932of interest
donated to charity, principally UNICEF and Feedback Madagascar
4 simple steps
01
Register
Register project details in the portal.
02
Identify
Answer questions so we can complete the regulatory checks required to prevent money laundering.
03
Deposit
Pay the fees which for UK residents are usually £150 + 1.5% of the Security Sum + VAT.
Deposit the Security Sum into a ring-fenced account in one of the UK’s oldest banks. Steps 1-3 take around 3 days.
04
Release
Request release of funds on completion of the works. Funds are usually released within 5 days.
Straightforward support
If you need more information, get in touch with our support team or check our FAQs.
Commitments
01
Clients' money is safeguarded.
Clients’ money is deposited directly into a safeguarded account at one of the City’s oldest and most conservative private banks which deposits it with the Bank of England. Your money is entirely separate from Security for Expenses Ltd.’s own assets.
Your money is protected under the Payment Services Regulations 2017 so in the unlikely event that Security for Expenses Ltd. or the bank were to cease trading, your money can be returned to you.
02
We operate to the highest standards of compliance.
We are fully compliant with the stringent requirements of both the Financial Conduct Authority and HMRC, working closely with them to ensure that we operate to the highest standards of a small payment financial institution.
Your personal data is safe with us. We will only disclose it if required by law to do so.
03
We are here to help.
We’re a UK-based, independent company set up by experienced property experts who understand the processes and challenges you’re facing and are available to discuss your questions.
Resources
Payments under Section 11(11) of the Party Wall etc. Act 1996
30 September 2015