directors | high net worth individuals | business users

Stepping outside of the Consumer Credit Act means you lose some of the protection afforded by it but it opens up a very popular product. A variable rate Lease Purchase Balanced Payment Plan. We typically link this product to one month LIBOR offering you an ultra-competitive rate compared to a fixed rate transaction. The product also allows overpayments and attractive conditions on early settlement. We also have greater flexibility on the structure of the deal. See below for types of applicant who can apply

High net worth individuals borrowing more than £25,000.00.
Criteria 1 – you received during the previous financial year net income not less than £150,000.00 and/or
Criteria 2 – you had throughout the year net assets with a value of not less than £500,000.00 with some exclusions such as your primary residence, insurance policies and pension benefits.

Limited companies, LLP’s and large partnerships.

Self employed, sole traders and small partnerships borrowing more than £25,000.00.

Directors purchasing a vehicle in their own name solely or predominantly for business use can often use the business use exemption when borrowing more than £25,000.00. The applicant makes a declaration that more than two thirds of the total mileage is to be for business use. The vehicle must be considered appropriate for the business of the applicant.