All Finance agreements are subject to underwriting. Its essential that you read and understand any finance agreement prior to signing.

Click Here to Find Out >>> Are you a Regulated or Unregulated customer when it comes to a finance agreement?

REGULATED – Hire Purchase (HP), HP with Balloon, Sale & HP Back, Re-finance HP

UNREGULATED Hire Purchase (HP), HP with Balloon, Sale & HP Back, Re-finance HP

REGULATED Finance Lease (FL), FL with balloon & Sale & Lease back

UNREGULATED Finance Lease (FL), FL with balloon & Sale & Lease back

REGULATED Business/commercial Loan (Secured & unsecured)

UNREGULATED – Business/commercial loan (secured and unsecured)

REGULATED – Personal Contract Purchase (PCP)

UNREGULATED Contract Hire (Fixed Term), Operating Lease

REGULATED – Hire Purchase (HP), HP with Balloon, Sale & HP Back, Re-finance HP

Hire Purchase (HP) – Fixed rental agreement over a fixed period with an Option to Purchase (OTP) fee at the end of the agreement. Customer takes title of asset once last payment is made.

HP with balloon – Mirrors HP agreement, however before you pay the OPT fee there is a lump sum payment known as a balloon payment. The customer is responsible for this payment. Only available on certain assets.

Sale & HP Back – Mirrors HP agreement, however you (customer) will already have purchased the asset and the bank/funder will pay you back the money and the HP kicks in.

Re-finance on HP – Mirrors HP agreement, however you are releasing capital against an asset that you (customer) already owns.

UK Based customers

Sole Traders purchasing an asset under £25k

Partnerships (3 or less individuals) purchasing an asset under £25k

Membership clubs or Trusts purchasing an asset under £25k

Individual / Director purchasing a vehicle for personal or business use (including High net-worth individuals (HNWI*) purchasing a vehicle under £60,240)

Over 18 years

Customers with the ability to repay the agreed rentals.

Customers who can make payments via direct debit.

The purpose of these products is to provide finance for identifiable equipment, allowing customers to spread the cost of the asset purchase. Predominately supporting agricultural, golf, industrial, construction, haulage & logistics, professionals, IT and many more.

Re-finance helps to release capital to support businesses expansion or restructuring, MBO / MBI, acquisitions, consolidation of existing agreements to reduce monthly outgoings, provide capital injections to boost cash reserves.

Terms from 12 months – 72 months, some assets will allow up to 120 months. Heavy commercial or leisure assets may have different terms. 6 months for fertiliser.

Monthly, quarterly, half yearly & annual payment profiles allowed.

Offers all the benefits of ownership without the initial capital outlay.

You will get immediate and unlimited use of the asset.

Fixed rentals and flexible payment structures allow businesses to match income and expenditure cycles.

Prime location of the asset must be in the UK

Balloon payments can reduce the rental costs (Only available on certain assets)

Ability to finance the balloon payment at the end of the agreement.

If you are classed as a HNWI you may be asked to prove your HNWI status

Fixed pricing, interest bearing over a fixed period.

Variable deposits and balloons can vary the monthly repayments in line with company income.

VAT is paid upfront in most instances; some banks allow VAT deferrals for up to 3 months or spread the VAT over the term.

The agreement may be settled, partially or in full, at any time throughout the term (sometime fees may apply).

Upfront processing fees may apply. Option to purchase fee may apply.

Charges may apply if you miss any payments. See below.

Right to withdraw within 14 days applies

Voluntary Termination available

If you select to have a balloon payment, you are responsible for this payment.

Lump sums throughout the life of the agreement may be able to be paid to some funders and rentals recalculated for the remaining term. It does not reduce the term, just the rental amounts.

Commission is paid to the broker for this type of introduction, if you wish to know more email compliance@rural-finance.co.uk

Missed payments may impact the customers credit rating and result in the asset being repossessed.

Ownership of the assets remains with the funder until all payments have been made.

After the withdraw period, customers cannot cancel the agreement without settling off the outstanding payments, fees may apply.

Not suitable if you want to trade in your asset at the end of the term for a new asset (consider lease options)

Not suitable for retail consumers.

Additional Security maybe requested by the finance company such as a personal or company guarantees.

Additional charges could apply;

  • Late payment fees
  • Direct debit represented fee
  • Settlement charges (standard or new business)
  • Termination fees
  • Novation charges

We care about you. We want to ensure that you fully understand what you are agreeing to.

If you require additional support, you must make your broker aware so they can offer the most suitable support.

*High net worth individual – someone who earns more than £150k per annum or net assets exceeds £500k

UNREGULATED Hire Purchase (HP), HP with Balloon, Sale & HP Back, Re-finance HP

Hire Purchase (HP) – Fixed rental agreement over a fixed period with an “option to purchase” (OTP) fee at the end of the agreement. Customer takes title of asset once last payment is made.

HP with balloon – Mirrors a HP agreement, however before you pay the OPT fee there is a lump sum payment known as a balloon payment. The customer is responsible for this payment.

Sale & HP Back – Mirrors a HP agreement, however you (customer) will already have purchased the asset and the bank/funder will pay you back the money and the HP kicks in.

Re-finance on HP – Mirrors a HP agreement, however you are releasing capital against an asset that you (customer) already owns.

UK Based customers

Sole Traders purchasing an asset over £25k

Partnerships (3- individuals) purchasing an asset over £25k

Partnerships (4 + individuals)

Limited companies. Limited Liability Companies PLCs

High Net Worth Individual – Asset over £60,240

Over 18 years

Customers with the ability to repay the agreed rentals.

Customers who can make payments via direct debit.

The purpose of these products is to provide finance for identifiable equipment. Predominately supporting agricultural, golf, industrial, construction, haulage & logistics, professionals, IT and many more. Releasing capital to support businesses expansion or restructuring, MBO / MBI, acquisitions, consolidation of existing agreements to reduce monthly outgoings, provide capital injections to boost cash reserves.

Terms from 12 months – 72 months, some assets will allow up to 120 months. Heavy commercial or leisure assets may have different terms. 6 months for fertiliser.

Monthly, quarterly, half yearly & annual payment profiles allowed.

Offers all the benefits of ownership without the initial capital outlay.

You will get immediate and unlimited use of the asset.

Fixed rentals and flexible payment structures allow businesses to match income and expenditure cycles.

Prime location of the asset must be in the UK

Balloon payments can reduce the rental costs (only valid on specific assets)

Ability to finance the balloon payment at the end of the agreement.

Re-finance allows you to release capital against assets the business already owns

Fixed pricing, interest bearing over a fixed period.

Variable deposits and balloons can vary the monthly repayments in line with company income.

VAT is paid upfront in most instances, there is the option however to defer the VAT for up to 3 months or spread the VAT over the term.

The agreement may be settled, partially or in full, at any time throughout the term (sometime fees may apply).

Upfront processing fees may apply.

Option to purchase fee may apply.

Charges may apply if you miss any payments.

If you select to have a balloon payment, you are responsible for this payment.

Commission is paid to the broker for this type of introduction, if you wish to know more email compliance@rural-finance.co.uk

Missed payments may impact the customers credit rating and result in the asset being repossessed.

Ownership of the assets remains with the funder until all payments have been made.

Not suitable if you want to trade in your asset at the end of the term for a new asset (consider lease options)

Not suitable for retail consumers.

Additional Security maybe requested by the finance company such as a personal or company guarantees.

Additional charges could apply (some are listed below)

  • Late payment fees
  • Direct debit represented fee
  • Settlement charges (standard or new business)
  • Termination fees
  • Novation charges

We care about you. We want to ensure that you fully understand what you are agreeing to.

If you require additional support, you must make your broker aware so they can offer the most suitable support.

*High net worth individual – someone who earns more than £150k per annum or net assets exceeds £500k

REGULATED Finance Lease (FL), FL with balloon & Sale & Lease back

Finance Lease (FL) – Fixed hire agreement over a fixed period, at the end of the agreement, subject to funder, there are options to consider; sell the asset to an unconnected third party for FMV with a retention of an agreed sales proceed percentage (agreed with bank), start to pay annual Secondary period rentals (SPR) or return the asset.

FL with balloon – Mirrors a FL agreement, however there is a lump sum payment known as a balloon payment. The customer is responsible for this payment.  Only available on certain assets.

Sale & Lease Back – Mirrors a FL agreement, however you (customer) will already have purchased the asset and the bank/funder will pay you back the money and the FL kicks in.

UK Based customers

Sole Traders purchasing an asset under £25k

Partnerships (3 or less individuals) purchasing an asset under £25k

Membership clubs or Trusts purchasing an asset under £25k

Individual / Director purchasing a vehicle for personal or business use

Over 18 years

Customers with the ability to repay the agreed rentals.

Customers who can make payments via direct debit.

The purpose of these products is to provide finance for identifiable equipment where ownership is not the priority. Predominately supporting agricultural, golf, industrial, construction, haulage & logistics, professionals, IT and many more.

This is a hire agreement, a customer will not get ownership of the asset, they hire it from the funder. Popular choice for customers where usage is more important than ownership. Unlimited use of an asset.

Terms from 24 months – 60 months. Heavy commercial assets may have different terms.

Monthly, quarterly, half yearly & annual payment profiles allowed.

Can trade in the asset at the end of the agreement to get a new asset again.

Customers will get immediate use of a business use asset.

Fixed payments and flexible payment structures allow businesses to match income and expenditure cycles.

Balloon payment will reduce the rentals (only valid on specific assets)

Ability to finance the balloon payment at the end of the agreement.

Fixed pricing, interest bearing.

At the end of the agreement the agreement can be extended into Secondary period rentals unless terminated (discuss options with your broker)

VAT is paid throughout the lifetime of the agreement against each rental.

Upfront processing/ document fees may apply.

If selling the asset on, a Rebate fee may apply when terminating the agreement.

Termination can happen prior to the end of the term however charges may apply.

Right to withdraw within 14 days applies

If you select to have a balloon payment, you are responsible for this payment.

Commission is paid to the broker for this type of introduction, if you wish to know more email compliance@rural-finance.co.uk

Missed payments may impact the customers credit rating and result in the asset being repossessed.

After the withdraw period, customers cannot cancel the agreement without settling off the outstanding payments, fees may apply.

Not suitable for retail consumers.

Not suitable if you want to own the asset (consider HP agreements if you want this)

Additional Security maybe requested by the finance company such as a personal or company guarantees.

Additional charges could apply (some are listed below)

  • Late payment fees
  • Direct debit represented fee
  • Settlement charges (standard or new business)
  • Termination fees

Novation charges

We care about you. We want to ensure that you fully understand what you are agreeing to.

If you require additional support, you must make your broker aware so they can offer the most suitable support.

UNREGULATED Finance Lease (FL), FL with balloon & Sale & Lease back

Finance Lease (FL) – Fixed hire agreement over a fixed period, at the end of the agreement, subject to funder, there are options to consider; sell the asset to an unconnected third party for FMV with a retention of an agreed sales proceed percentage (agreed with bank), start to pay annual Secondary period rentals (SPR) or return the asset.

FL with balloon – Mirrors a FL agreement, however there is a lump sum payment known as a balloon payment. The customer is responsible for this payment.  Only available on certain assets.

Sale & Lease Back – Mirrors a FL agreement, however you (customer) will already have purchased the asset and the bank/funder will pay you back the money and the FL kicks in.

UK Based customers

Sole Traders purchasing an asset over £25k

Partnerships (3 or less individuals) purchasing an asset over £25k

Partnerships (4 + individuals)

Limited companies. Limited Liability Companies. PLCs

Over 18 years

Customers with the ability to repay the agreed rentals.

Customers who can make payments via direct debit.

The purpose of these products is to provide finance for identifiable equipment where ownership is not the priority. Predominately supporting agricultural, golf, industrial, construction, haulage & logistics, professionals, IT and many more.

This is a hire agreement, a customer will not get ownership of the asset, they hire it from the funder. Popular choice for customers where usage is more important than ownership. Unlimited use of an asset.

Terms from 24 months – 60 months. Heavy commercial assets may have different terms.

Monthly, quarterly, half yearly & annual payment profiles allowed.

Can trade in the asset at the end of the agreement to get a new asset again.

Customers will get immediate use of a business use asset.

Fixed payments and flexible payment structures allow businesses to match income and expenditure cycles.

Balloon payment will reduce the rentals (only valid on specific assets)

Ability to finance the balloon payment at the end of the agreement.

Fixed pricing, interest bearing.

At the end of the agreement the agreement can be extended into Secondary period rentals unless terminated (discuss options with your broker)

VAT is paid throughout the lifetime of the agreement against each rental.

Upfront processing/ document fees may apply.

If selling the asset on, a Rebate fee may apply when terminating the agreement.

Termination can happen prior to the end of the term however charges may apply.

If you select to have a balloon payment, you are responsible for this payment.

Commission is paid to the broker for this type of introduction, if you wish to know more email compliance@rural-finance.co.uk

Missed payments may impact the customers credit rating and result in the asset being repossessed.

Not suitable for retail consumers.

Not suitable if you want to own the asset (consider HP agreements if you want this)

Additional Security maybe requested by the finance company such as a personal or company guarantees.

Additional charges could apply (some are listed below)

  • Late payment fees
  • Direct debit represented fee
  • Settlement charges (standard or new business)
  • Termination fees
  • Novation charges

We care about you. We want to ensure that you fully understand what you are agreeing to.

If you require additional support, you must make your broker aware so they can offer the most suitable support.

REGULATED Business/commercial Loan (Secured & unsecured)

Business Loan (secured and unsecured) – this product provides businesses with money for a fixed period of time at a fixed price. You may be required to provide additional security to borrow the desired amount. A secured loan will often mean the business will need to provide the bank with a debenture over the businesses assets including the property if owned by the business. Not all banks will offer this product.

UK Based customers

Sole Traders purchasing an asset under £25k

Partnerships (3 or less individuals) purchasing an asset under £25k

Membership club or Trust purchasing an asset under £25k

Unincorporated Charity purchasing an asset under £25k

Over 18 years

Customers with the ability to repay the agreed rentals

Customer who can make payments via direct debit.

The purpose of this product is to release capital to support businesses expansion or restructuring, MBO / MBI, acquisitions, provide capital injections to boost cash reserves, purchase stock, property, refurbishments, non-tangible assets, cover a VAT payment. Supporting a wide variety of business funding needs.

Term varies from 6 months – 84 months (subject to asset and funder)

Monthly payments

Money is sent directly to the customer.

Any assets purchased are never owned by a finance company so can never be repossessed.

Fixed pricing, interest bearing over a fixed period.

VAT is not included within a loan

Option to make early repayments in a lump sum which will reduce the balance (not the term), or can settle the agreement early (fee may apply)

Termination can happen prior to the end of the term however charges may apply.

Right to withdraw within 14 days applies

Commission is paid to the broker for this type of introduction, if you wish to know more email compliance@rural-finance.co.uk

Missed payments may impact the customers credit rating which may make obtaining credit in the future more difficult or expensive

After the withdraw period, customers cannot cancel the agreement without settling off the outstanding payments, fees may apply.

If there is security taken by the bank, they may use this to recover any losses if customer defaults on payments.

Not all lenders offer this product.

Not available or suitable on all assets, discuss with broker

Not suitable for retail consumers.

Additional charges could apply (some are listed below)

  • Late payment fees
  • Direct debit represented fee
  • Settlement charges (standard or new business)
  • Termination fees
  • Novation charges

UNREGULATED – Business/commercial loan (secured and unsecured)

Business Loan (secured and unsecured) – this product provides businesses with money for a fixed period of time at a fixed price. You may be required to provide additional security to borrow the desired amount. A secured loan will often mean the business will need to provide the bank with a debenture over the businesses assets including the property if owned by the business. Not all banks will offer this product.

UK Based customers

Sole Traders

Partnerships (3 or less individuals)

Over 18 years

Customers with the ability to repay the agreed rentals.

Customer who can make payments via direct debit.

The purpose of this product is to release capital to support businesses expansion or restructuring, MBO / MBI, acquisitions, provide capital injections to boost cash reserves, purchase stock, property, refurbishments, non-tangible assets, cover a VAT payment. Supporting a wide variety of business funding needs.

Term varies from 6 months – 84 months (subject to asset and funder)

Monthly payments

Money is sent directly to the customer.

Secured loans would often be against a debenture.

Any assets purchased are never owned by a finance company so can never be repossessed.

Fixed pricing, interest bearing over a fixed period.

VAT is not included within a loan

Option to make early repayments in a lump sum which will reduce the balance (not the term), or can settle the agreement early (fees may apply)

Termination can happen prior to the end of the term however charges may apply.

Commission is paid to the broker for this type of introduction, if you wish to know more email compliance@rural-finance.co.uk

Missed payments may impact the customers credit rating which may make obtaining credit in the future more difficult or expensive.

If there is security taken by the bank, they may use this to recover any losses if a customer defaults on payments.

After the withdraw period, customers cannot cancel the agreement without settling off the outstanding payments, fees may apply.

Not all lenders offer this product.

Not available or suitable on all assets, discuss with broker

Not suitable for retail consumers.

Additional charges could apply (some are listed below)

  • Late payment fees
  • Direct debit represented fee
  • Settlement charges (standard or new business)
  • Termination fees
  • Novation charges

REGULATED – Personal Contract Purchase (PCP)

PCP – This is a fixed term agreement with fixed rentals and a large payment (known as a balloon – Guaranteed Future Value) at the end. Similar to Hire Purchase with a balloon, however at the end of the term you have more options depending on whether you want to keep the vehicle (pay the balloon in full), re-finance the balloon, trade in for another car or hand the car back to the funder (subject to return terms).

Individuals with a full driving license

Over 18 years old

Customers with the ability to repay the agreed rentals

Customer who can make payments via direct debit.

The purpose of this product is to allow an individual to purchase a new car for a fixed period without having to pay the dealership the full balance upfront.

Term varies from 36 months – 48 months (subject to asset)

Monthly payments

Seasonal payments (subject to customer)

A balloon payment is based on a future value calculation, however if at the end of the term the car is worth less than the balloon the funder takes the hit, if the car is worth more than you (customer) takes the equity.

Fixed mileage agreed at the beginning of the term

Fixed pricing, interest bearing over a fixed period.

No VAT on new vehicles, cannot claim VAT (discuss with accountant for more information)

Option to make early repayments in a lump sum which will reduce the balance or term (of the fixed monthly costs). Balloon payment will, however, always remain at the length of agreed term.

You can settle the agreement early (fee maybe likely).

Voluntary Termination available

Termination can happen prior to the end of the term however charges may apply.

Right to withdraw within 14 days applies

Commission is paid to the broker for this type of introduction, if you wish to know more email compliance@rural-finance.co.uk

Missed payments may impact the customers credit rating which may make obtaining credit in the future more difficult or expensive.

Customers responsibility to maintain and insure throughout the agreement period.

After the withdraw period, customers cannot cancel the agreement without settling off the outstanding payments, fees may apply.

Supplier approval required at proposal stage

Not all lenders offer this product.

Not available or suitable on all assets, discuss with broker.

Not suitable for individuals who wish to routinely change assets after only a short period of time as interest is front loaded.

Additional charges could apply (some are listed below)

  • Excess mileage charge
  • Late payment fees
  • Direct debit represented fee
  • Settlement charges (standard or new business)
  • Termination fees

UNREGULATED Contract Hire (Fixed Term), Operating Lease

Contract Hire (Fixed Term) – Fixed hire agreement over a fixed period, at the end of the agreement, subject to funder, you will return the asset to the supplier / dealership. Within the monthly rentals there is a level of maintenance (provided by the supplier) included and there is an RV (Residual Value) which the supplier or funder will pay on your behalf to terminate the agreement.

Operating Lease – Mirrors a Contract Hire agreement, however there is no maintenance payment within the agreed rentals.

UK Based customers

Sole Traders purchasing an asset over £25k

Partnerships (3 or less individuals) purchasing an asset over £25k

Partnerships (4 + individuals)

Limited companies. Limited Liability Companies. PLC

Over 18 years

Customers with the ability to repay the agreed rentals.

Customers who can make payments via direct debit.

The purpose of these products is to provide finance for identifiable equipment where keeping operating costs at a minimum and ownership is not the priority. Predominately supporting agricultural, golf, industrial, construction, haulage & logistics, professionals, IT and many more.

This is a hire agreement, a customer will not get ownership of the asset, they hire it from the funder. Popular choice for customers where maintenance of the asset and lower monthly costs are more important than ownership.

Terms from 24 months – 60 months. Heavy commercial assets may have different terms.

Monthly & quarterly profiles allowed.

Assets must be returned to the supplier at the end of the agreement.

Customers will get immediate use of a business use asset.

Fixed payments and flexible payment structures allow businesses to match income and expenditure cycles.

Fixed pricing, interest bearing.  Maintenance is included within the rental cost for Contract hire agreements.

VAT is paid throughout the lifetime of the agreement against each rental.

Upfront processing or document fees may apply.

Residual Value is set by the funder, or the supplier and it is the responsibility of the funder or supplier to pay this at the end of the contracted term.

Termination can happen prior to the end of the term however charges may apply.

Commission is paid to the broker for this type of introduction, if you wish to know more email compliance@rural-finance.co.uk

Missed payments may impact the customers credit rating and result in the asset being repossessed.

Customers responsibility to maintain the asset so it is returned in a suitable condition. Customer may wish to consider purchasing insurance against the asset.

Must ensure you read and understand the return conditions carefully for each funder.

Often there is a fixed level of usage allowed for the period of the contract. Excess usage and excess hours may apply.

Customers responsibility to maintain the asset so it is returned in a suitable condition. Customer may wish to consider purchasing insurance against the asset.

Not all lenders offer this product.

Not available or suitable on all assets, discuss with broker.

Not suitable for consumers.

Not suitable if you want to own the asset (consider HP agreements, discuss with broker)

Additional Security maybe requested by the finance company such as a personal or company guarantees.

Additional charges could apply (some are listed below)

  • Late payment fees
  • Direct debit represented fee
  • Settlement charges (standard or new business)
  • Termination fees
  • Novation charges

We care about you. We want to ensure that you fully understand what you are agreeing to.

If you require additional support, you must make your broker aware so they can offer the most suitable support.

Call Us Today On 01978 660360 or Click Here to Find Your Local Broker

broker network

Call Us Today On 01978 660360 or Click Here to Find Your Local Broker

Get a Quote