Initial Disclosure Document
The Financial Conduct Authority (FCA) is the national independent regulator of financial services. The FCA legally require 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 Main Street Leasing Limited.
Main Street Leasing is both authorised and regulated by the Financial Conduct Authority (FCA). We provide broker services to customers and work with our finance partners, in order to find suitable vehicle lease agreement for our customers. Main Street Leasing Limited is a “Credit broker, not a lender”. registered address is 17 Port Rise Chatham. Kent ME4 6QA.
Who Regulates Us?
Main Street Leasing Ltd is authorised and regulated by the Financial Conduct Authority. Our firms reference number is 942534. You can verify this on the Financial Conduct Authority’s Register by visiting the Financial Conduct Authority’s website: http://www.fca.org.uk/register/ or by contacting them on 0300 500 8082.
Other services we offer are not regulated by the Financial Conduct Authority however the Financial Ombudsman Services has now been extended to handle some complaints under the Consumer Credit Act.
What Are The Costs For Our Services?
As a FCA registered organisation we rely purely on commission and extra fees, such as our arrangement fee. The arrangement fee is for our services and is charged at point of order, this fee covers costs incurred by Main Street Leasing Limited i.e. processing the order and lease agreement. We do not charge for any of our other broker-related services. If you order a vehicle, you will enter into a lease agreement with one of our partner finance providers/lenders. We are paid a commission by the finance provider/lender, once the agreement is live. The commission we receive maybe pre-set but can vary and may impact the amount payable by the customer.
We charge a processing fee of £240.00 Incl VAT for our Brokering Services. This represents the costs incurred in ordering your vehicle with our
nominated supplying dealer. This fee is payable once finance approval has been received and on signing of the order form.
If you were to cancel your order, we may also charge a cancellation fee for our brokering services as set out in our Terms of Business up to the value of
£300.00 + VAT for services rendered. This does not affect your right to cancel your finance agreement within any cooling off period.
This will be requested within 14 days of a cancellation notice being received by us and will be payable by Bank Transfer to Main Street Leasing Limited
within 14 days of the charge request being received by the client.
Main Street Leasing Limited are a broker and not a lender and work with multiple suppliers and/or funders – please get in touch if you require further information about leasing or email enquiries@mainstreetleasing.co.uk.
Our Services?
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 as might be relevant in order to enable us to identify your exact needs and establish a line of credit. It is always important that you provide us with accurate and relevant information so that we can try and find a product or agreement that is most suitable to you.