This page sets out the different agreements that are available and the types of products they cover. We would also be happy to discuss your requirements with you. However, as the decision is your responsibility, we urge you to see independent legal advice prior to purchase, if required.
The following regulated credit agreements must not be used for agreements secured on land. They are also not intended for use, unless pre-contract credit information has been disclosed in compliance (or in purported compliance) with the Information Regulations 2010, for agreements under which the creditor provides the debtor with credit which exceeds £60,260; or for agreements entered into by the debtor wholly or predominantly for the purposes of a business carried on, or intended to be carried on, by the debtor.
Hire purchase agreement regulated by the Consumer Credit Act 1974
For use in financing general goods.
This product includes: Pre-Contract Credit Information (PCCI) leaflet, Adequate Explanations leaflet, Cover Sheet.
Hire purchase agreement regulated by the Consumer Credit Act 1974
For use in financing motor vehicles.
This product includes: Pre-Contract Credit Information (PCCI) leaflet, Adequate Explanations leaflet, Cover Sheet.
Fixed sum loan agreement regulated by the consumer credit act 1974
For use in providing unrestricted use loans.
This product includes: Pre-Contract Credit Information (PCCI) leaflet, Adequate Explanations leaflet, Cover Sheet.
Fixed sum loan agreement regulated by the Consumer Credit Act 1974
For use in providing unrestricted use loans, repayable by weekly payments.
This product includes: Pre-Contract Credit Information (PCCI) leaflet, Adequate Explanations leaflet, Cover Sheet.
Fixed sum loan agreement regulated by the Consumer Credit Act 1974
For use in providing restricted use (connected) loans for financing specific goods, where the creditor and supplier are not the same person.
This product includes: Pre-Contract Credit Information (PCCI) leaflet, Adequate Explanations leaflet, Cover Sheet.
PLEASE NOTE
This agreement is only available in electronic format. Full details of our electronic agreements can be found here.
Credit agreement regulated by the Consumer Credit Act 1974
For use in providing restricted use credit (Credit Sale) for the sale of goods, under which the purchase price or part of it is payable by instalments, but which is not a conditional sale agreement and, where the creditor and supplier are the same person.
This product includes: Pre-Contract Credit Information (PCCI) leaflet, Adequate Explanations leaflet, Cover Sheet.
Fixed sum loan agreement regulated by the Consumer Credit Act 1974
For use in providing high cost credit.
This product includes: Pre-Contract Credit Information (PCCI) leaflet, Adequate Explanations leaflet, Cover Sheet.
Fixed sum loan agreement regulated by the Consumer Credit Act 1974
For use in providing running account credit.
This product includes: Pre-Contract Credit Information (PCCI) leaflet, Adequate Explanations leaflet, Cover Sheet.
Hire agreement regulated by the Consumer Credit Act 1974
Period of hire not to exceed 17 months from the date of the agreement. For use with general goods such as TV equipment.
This product includes: Pre-Credit Hire Information (PCHI) leaflet, Cover Sheet.
Hire agreement regulated by the Consumer Credit Act 1974
Right of Cancellation, subject to provisions under the Consumer Credit 1974. Where Period of hire is 18 months or more from the date of the agreement. For use with general goods such as TV equipment.
This product includes: Pre-Credit Hire Information (PCHI) leaflet, Cover Sheet.
Hire agreement regulated by the Consumer Credit Act 1974
No statutory right of termination. For use where the hirer is a sole trader or a partnership consisting of two or three persons, the agreement is entered into for the business purposes of the hirer and the primary period rentals do not exceed £25,000.
This product includes: Pre-Credit Hire Information (PCHI) leaflet, Cover Sheet.
Hire agreement regulated by the Consumer Credit Act 1974
Right of Cancellation, subject to provisions under the Consumer Credit 1974. No statutory right of termination. For use where the hirer is a sole trader or a partnership consisting of two or three persons, the agreement is entered into for the business purposes of the hirer and the primary period rentals do not exceed £25,000.
This product includes: Pre-Credit Hire Information (PCHI) leaflet, Cover Sheet.
PLEASE NOTE
This agreement is only available in electronic format. Full details of our electronic agreements can be found here.
Commercial lease agreement
For use where the lessee is a company, other incorporated body, a partnership consisting of four or more persons or a Limited Liability Partnership.
This product does not require: Pre-Contract Credit Information (PCCI) leaflet, Adequate Explanations leaflet, Cover Sheet.
Commercial hire purchase agreement – option for variable interest
For use for commercial goods, equipment and vehicles where the borrower is a company, other incorporated body, a partnership consisting of four or more persons or a Limited Liability Partnership.
This product does not require: Pre-Contract Hire Information (PCHI) leaflet, Adequate Explanations leaflet, Cover Sheet.
Commercial loan agreement – provision for fixed or variable interest
For use where the borrower is a company, other incorporated body, a partnership consisting of four or more persons or a Limited Liability Partnership.
This product does not require: Pre-Contract Credit Information (PCCI) leaflet, Adequate Explanations leaflet, Cover Sheet.
Commercial hire purchase agreement – fixed rate interest only
For use for commercial goods, equipment and vehicles where the borrower is a company, other incorporated body, a partnership consisting of four or more persons or a Limited Liability Partnership.
This product does not require: Pre-Contract Hire Information (PCHI) leaflet, Adequate Explanations leaflet, Cover Sheet.
Commercial hire purchase agreement – fixed rate interest only
For use principally for motor vehicles where the borrower is a company, other incorporated body, a partnership consisting of four or more persons or a Limited Liability Partnership.
This product does not require: Pre-Contract Hire Information (PCHI) leaflet, Adequate Explanations leaflet, Cover Sheet.
When an agreement fulfils the exempt agreement criteria as specified under the ‘agreement descriptions’ shown below, the agreement is not subject to the controls or regulation imposed by the Consumer Credit Act 1974 (CCA 1974) or the Financial Services and Markets Act 2000 (Regulated Activities Order) regime, except in the case of a credit agreement that is an exempt agreement, which will be subject to judicial control, under the unfair relationships provisions in CCA 1974, ss 140A–140D.
All CCTA exempt agreements incorporate a declaration, which is made by the borrower/hirer/lessee and provides that the agreement is entered into by the borrower/hirer/lessee wholly or predominantly for the purposes of a business carried on, or intended to be carried on, by the borrower/hirer/lessee. The declaration is not essential for establishing the business purposes but serves to create a rebuttable presumption that the agreement was entered into for the borrower’s/hirer’s/lessee’s business purposes.
Hire purchase agreement (fixed rate)
Outside the scope of the Consumer Credit Act 1974 and the Financial Services and Markets Act 2000 where the hirer is a sole trader or a partnership of two or three persons, the agreement is entered into wholly or predominantly for the purposes of a business carried on by the Hirer and the amount of credit exceeds £25,000.
This product does not require: Pre-Contract Information (PCI) leaflet, Adequate Explanations leaflet, Cover Sheet.
Commercial hire agreement – fixed rate interest only
Outside the scope of the Consumer Credit Act 1974 and the Financial Services and Markets Act 2000 where the lessee is a sole trader or a partnership of two or three persons, the agreement is entered into wholly or predominantly for the purposes of a business carried on, or intended to be carried on, by the lessee and the primary period rentals exceed £25,000
This product does not require: Pre-Contract Information (PCI) leaflet, Adequate Explanations leaflet, Cover Sheet
Commercial loan agreement
For use outside the scope of the Consumer Credit Act 1974 and the Financial Services and Markets Act 2000 where the borrower is a sole trader or a partnership of two or three persons, the agreement is entered into wholly or predominantly for the purposes of a business carried on, or intended to be carried on, by the borrower and the amount of credit exceeds £25,000.
This product does not require: Pre-Contract Credit Information (PCI) leaflet, Adequate Explanations leaflet.
Guarantee & indemnity subject to the Consumer Credit Act 1974
For use in relation to a regulated credit agreement including HP.
This product does not require: Pre-Contract Information (PCI) leaflet, Cover Sheet.
Guarantee & indemnity not regulated by the Consumer Credit Act 1974
For use in relation to an unregulated agreement.
This product does not require: Pre-Contract Credit Information (PCCI) leaflet, Adequate Explanations leaflet, Cover Sheet.
Guarantee & indemnity subject to the Consumer Credit Act 1974
For use in relation to a regulated hire agreement.
This product does not require: Pre-Contract Credit Information (PCCI) leaflet, Adequate Explanations leaflet, Cover Sheet.
All Default Notices are drafted in accordance with the Consumer Credit (Enforcement, Default and Termination Notices) Regulations 1983 (as amended). Each form assumes that:
- the notice is served under section 87(1) of the Consumer Credit Act 1974
- the related breach is one capable of remedy only, i.e. by payment of accrued arrears
- in relation to any security, the only surety, under the agreement, would be a guarantor
Default notice
For regulated hire agreements.
Default notice
For regulated hire purchase agreements.
Default notice
For regulated loan agreements including connected loans and credit sale.
Settlement statement
Statutory Settlement Statement given in response to a request made by a debtor under the Consumer Credit Act 1974, s 97. Please note that this document is only available in electronic format.
This product includes: Cover Sheet
PLEASE NOTE
This document is only available in electronic format. Full details of our electronic agreements can be found here.
