Our Initial Disclosure Policy Document (May 2020)
The Financial Conduct Authority (FCA) is the national independent regulator of financial services. The FCA legally requires us to provide you with an ‘Initial Disclosure Document’. This Document has a number of purposes, one of which is to ensure you are provided with essential information about us as a company, what we charge for our services, the products and services we offer and how we are regulated. It will also provide information on what you should do if you have a complaint and any details regarding the Financial Services Compensation Scheme.
About Prospectus Vehicle Solutions Ltd
Prospectus Vehicle Solutions Ltd is both authorised and regulated by the Financial Conduct Authority (FCA), our firm reference number is 727353. We provide broker services to customers and work with our finance partners in order to find a suitable vehicle lease agreement for our customers.
The Products We Use
As a Financial Conduct Authority (FCA) regulated credit broker we are able to introduce you to a range of lenders who can help you finance your vehicle, and provide any other products/ services that you may require, including Servicing Packages, Vehicle Maintenance and Road Side Assistance. We work with some of the UK’s most prominent and trusted finance providers in order to help secure you the best and most appropriate deal. Prospectus Vehicle Solutions Limited are a credit broker of vehicle finance, we are not a funder or a lender.
We will provide you with either comparable details of any firms most appropriate to your lending or purchasing needs or any other general information relating to finance products. In order to do this we may seek personal information about your circumstances and objectives which may be relevant in order to enable us to identify your exact needs and establish a line of credit. It is important that you provide us with accurate and relevant information so we can find a product or agreement that is most suitable to you.
What Are The Costs For Our Services?
We do not charge a brokerage fee / documentation fee for any of our services. We may receive payment from finance providers or lenders if you decide to enter into any agreement with us, these fees can be pre-set and often vary depending on the product and the volume that is placed with a particular supplier.
Should you order a vehicle through Prospectus Vehicle Solutions and subsequently cancel the order, we may charge a cancellation fee. This fee will be clearly shown on any order form that you sign before we place the order. The fee will be levied should the lender or manufacturer charge the cancellation fee, and must be paid within 14 days of an invoice being sent to you. Payment can be made by either Cheque or Bank Transfer to Prospectus Vehicle Solutions Limited.
Who Regulates Us?
Prospectus Vehicle Solutions Ltd is authorised and regulated by the Financial Conduct Authority. You can verify this by checking the FCA Register on the website: http://www.fca.org.uk/register/ or contacting them on: 0300 500 8082. Our firm reference number is 727353.
What Should I Do If I Have A Complaint?
If you are unsatisfied with the service we provided for any reason then please follow our Complaints Procedure outlined in our Terms and Conditions.
I Am Happy To Proceed
Please complete our Proposal Form, confirming you have read, understand and acknowledge the above and are happy to proceed. Any delays in receiving this confirmation may impact on the rates quoted.