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Lease World Ltd Initial Disclosure Document

The Financial Conduct Authority is the independent regulator of financial services. The Financial Conduct Authority require us to provide you with a document called an 'Initial Disclosure Document'. This document provides information about us, the products we offer, the services we will provide, what we charge for our services, who regulates us, what to do if you have a complaint and details about the Financial Services Compensation Scheme.


What services do we provide?

We will provide you with either comparable details of firms most appropriate to your lending or purchase requirements or general information relating to finance products. In assessing your requirements we may seek such information about your personal circumstances and objectives as might be relevant in order to enable us to identify your needs. It is important that you provide us with accurate and relevant information. You will not receive advice, or a recommendation from us, but we may ask questions to narrow down the selection of firms offered, from which you can more easily make your own choice if you so wish.


Whose products do we use?

As an Financial Conduct Authority regulated credit broker we can introduce you to a range of lenders who may be able to help you finance your vehicle and provide other products/services.


Do we charge for our services?

We charge a fee for our Business contract hire and personal contract hire of £0.00 excluding VAT and £0.00 including VAT respectively. We are a commission and fee based organisation which means that we may receive a payment(s) or other benefits from finance providers should you decide to enter into an agreement with us. These fees may be variable or pre-set dependent on the product and the volume that we place with the chosen supplier.


Do we charge for vehicle cancellations?

By signing one of our order forms you are entering into an Agency Contract (for the supply of services) and a Supply Contract (for the supply of goods). Lease World will act on your behalf to source the vehicle(s) as described in the "vehicle details" section above. You will not have the right (under Distance Selling Regulations) to cancel the Agency Contract once we have begun to source the vehicle(s).  In the event that you have completed and order and we have committed your order to a supplier or manufacturer and you then decide to cancel we are entitled to charge for any potential losses such as vehicle logistical costs, vehicle registrations, administration and for the supply of services such as preperation of quotations, processing applications and generating vehicle orders.

We will only charge cancellation fees if a customer has ordered a car that needs relocating from depot into dealer stock.  Has been registered and prepared for delivery and/or where the customer has failed to give acceptible reason for cancellation and complete disregard of our time, efforts and costs.

Typical examples of cancellation fees are:

  • Administration costs £198 +vat (This is for the initial quote and vehicle search process) 
  • Application processing fee £80 +vat (The input and processing of a finance application) 
  • Order processing fee £80 +vat (The charge for processing a new vehicle order with any manufacturer)
  • Vehicle logistic costs £169 +vat (The cost for the logistics company to move a vehicle from depot to supplier) 


Who regulates us?

Lease World Ltd is authorised and regulated by the Financial Conduct Authority. Our firms reference number is 737366. 

You can verify this on the Financial Conduct Authority's Register by visiting the Financial Conduct Authority's website: https://register.fca.org.uk/ or by contacting them on 0300 500 8082.

Please note that Lease World Ltd is a credit broker and not a lender.

Other services we offer may not be regulated by the Financial Conduct Authority, however the Financial Ombudsman Services has now been extended to handle some complaints under the Consumer Credit Act.


If you have a complaint

Please visit our complaints procedure page.

Contact us

Email : sales@leaseworld.co.uk

Telephone : 01189 420030

Company Address :
Lease World Ltd
50 Gratwicke Road
Tilehurst
Reading
Berkshire
RG30 4TT

Lease World Ltd are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 737366

Registered in England & Wales with company number : 07069478 | Data Protection No : Z216605 | VAT No : 985 366 468

Registered Office : 12 Park Lane, Tilehurst, Reading, Berkshire, United Kingdom, RG31 5DL

Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only, all vehicle leases are subject to credit approval and subject to change at any time. E&OE.






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