Couple holding keys and with new car New car


The Parameters of the product are:-

When can we look at re-finance?

  • End of Term balloon re-finance
  • Mid-term subject to validating the benefit to the customer
  • When the customer exercises their Right to Withdraw and choose an alternative lender

What type of agreements can we re-finance?

  • Hire Purchase
  • Lease Purchase
  • Personal Contract Purchase
  • Contract Hire – end of term and subject to obtaining confirmation that title will pass in full from the contract hire company

What products can we offer on a re-finance agreement?

  • Hire Purchase
  • Lease Purchase

What assets can we re-finance?

  • Cars
  • Touring Caravans*
  • Motorhomes*

Which customers can take re-finance?

  • Private Individuals
  • Sole Traders
  • Partnerships
  • Limited Companies
  • Transfer cases – from Limited Company to Director and visa versa plus family member transfers as long as both resident at the same address

What are the basic criteria?

  • Up to 100% of Loan to Value for homeowners and 90% for tenants
  • Mid-term applications will require a copy of the original finance document for the underwriters
  • Only require copy of the original lenders settlement letter as dealer invoice
  • Re-finance addendum document confirming current mileage is the only additional page with document pack
  • Documents can be signed via flexi-sign
  • Quote and propose on-line using drop down box to identify as re-finance
  • No deposit required, advance to show as settlement amount
Am I Eligible