Hire Purchase

Yes. It’s a common situation as funders often have individual or sector limits and we are happy to be part of a panel of funders to your business.
For existing Asset Finance users we can also look at restructuring agreements you already have in place and deliver additional benefits such as low deposits, payment holidays and VAT deferments.

Yes, we take a flexible approach to every application and will consider your long-term goals as well as your current financial needs. Funders often have individual or sector limits and we are happy to be part of a panel of funders to your business.

Asset Finance agreements should not just be assessed by the amount you repay monthly. The length of the agreement and any excessive early settlement penalties should always be considered.  

We’re competitive and realistic, offering options such as low deposits, guaranteed early settlement fees and payment holidays – it means you always know what’s going out every month with no nasty surprises if your circumstances change (e.g. a contract ending early). You will have a specific set of needs and we take the time to understand them to match the agreement to your requirements.

No. Many of our competitors may prefer you to sign up for longer repayment periods, because while they bring down your monthly repayments, they cost more in the long-term.

The minimum value is £25,000 and the maximum is £1.5 million. 

Although Leasing looks and feels the same as Hire Purchase in terms of monthly payments, you will not end up owning the asset at the end of the contract. You have the right to use the equipment for an agreed term, but ownership lies with us. Whereas with Hire Purchase, you have the option to purchase at the end of the agreement and take legal ownership of the asset. Leasing also has lower monthly payments than the equivalent hire purchase facility and certain tax benefits such as the ability to reclaim VAT. 

You can call us to have an initial confidential discussion with one of our advisors or to arrange a meeting. Once we understand your specific requirements, then we can provide an indicative offer to you. Following consideration by our credit committee we can make a credit offer to you.