Terms of Business
These Terms of Business explain the basis on which Lavant Finance Ltd provides its credit-broking and finance-arranging services.
Please read them carefully. By asking us to introduce you to a lender or arrange finance on your behalf, you agree that our services will be provided on the basis set out below.
About LAVANT Finance.
Lavant Finance Ltd is registered in England and Wales under company number 16839595. Our registered office is Mount Pleasant Farm, Walton, Warwick, England, CV35 9HT.
Lavant Finance Ltd is authorised and regulated by the Financial Conduct Authority for credit-broking activities. FCA Firm Reference Number: 1055157. We are a credit broker, not a lender.
Our service.
We work with a limited number of selected lenders and finance providers. We do not search the whole market.
We may ask questions about your requirements and circumstances so that we can narrow the range of products presented to you. We do not provide independent financial advice or personal recommendations. You are responsible for deciding which product, if any, is suitable for you.
We cannot guarantee that a lender will approve an application. All finance is subject to status, affordability and creditworthiness assessments, the lender's criteria, satisfactory checks and final approval.
Quotations and credit searches.
Any quotation is indicative unless expressly stated otherwise and may be changed or withdrawn by the lender following underwriting or verification.
We may carry out a credit search to assess your eligibility for finance. A lender may also carry out its own credit search, which may affect your credit score. The relevant lender will provide further information before you proceed.
Fees and commission.
We do not charge customers a fee for our credit-broking service.
A lender may charge its own fees, which may include documentation fees, option-to-purchase fees, excess mileage charges or administration fees. Any applicable lender fees will be shown in the lender's quotation or documentation.
We have commercial relationships with the lenders on our panel and may receive a variable commission or other remuneration where an introduction results in completed finance. Our introductions are therefore not impartial.
Commission may be calculated as a flat fee or as a percentage of the amount financed and may vary between lenders, products and transactions. The exact amount may not be known until the application has been agreed in principle. The amount or basis of commission will be disclosed before you enter into the finance agreement, and we will obtain your explicit consent before progressing the application where required.
Regulated and unregulated finance.
Some finance agreements may be regulated by the Financial Conduct Authority and the Consumer Credit Act, while others may be unregulated or exempt. This will depend on factors including the customer, the purpose of the finance, the type of asset and the structure of the agreement.
Unregulated agreements may not fall within the jurisdiction of the Financial Ombudsman Service. We will make the regulatory status of the proposed arrangement clear where applicable.
Your responsibilities.
You must provide information that is complete, accurate and not misleading, and tell us promptly if your circumstances or requirements change.
Before entering into an agreement, you should read all quotations, pre-contract information and terms carefully, ask about anything you do not understand and satisfy yourself that you can afford the agreement for its full term.
Conflicts of interest and fair treatment.
We take reasonable steps to identify, prevent and manage conflicts of interest. Where a material conflict cannot be adequately managed, we will disclose it to you before proceeding.
We aim to act honestly, fairly and professionally, communicate clearly and support good customer outcomes. Please tell us if you have any communication requirements or additional needs so that we can provide appropriate support.
Data protection.
We will collect and use your personal information to provide our services, assess and progress applications, communicate with lenders and relevant third parties, prevent fraud and comply with legal and regulatory requirements.
Further details are set out in our Privacy Policy.
Complaints.
We aim to provide a high standard of service. If you are dissatisfied, please contact us:
· Telephone: 07930 345392
· Email: info@lavantfinance.co.uk
· Post: Lavant Finance Ltd, Mount Pleasant Farm, Walton, Warwick, England, CV35 9HT
Further information is available in our Complaints Procedure. If you remain dissatisfied after receiving our final response, you may be eligible to refer the complaint to the Financial Ombudsman Service.
Contact Us
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