Initial disclosure document
The Financial Conduct Authority (FCA) is the independent regulator of financial services. The FCA requires 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 FCA 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?
In most cases we will charge a Vehicle Sourcing Fee for our services. This will only be payable after the 'Customer Order' outlining the charge has been signed, finance accepted and the car ordered. 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 depending on term of the agreement and amount financed. In addition to this, in some cases, funders may also pay us an additional amount based on meeting certain criteria, such as volume and/or KPI requirements.
Further information is available on request.
Who regulates us?
GB Car Loans Limited T/A GB Vehicle Leasing are a credit broker and not a lender. We are authorised and regulated by the Financial Services Authority. Our firm’s reference number is 660674. You can verify this on the FCA's Register by visiting the FCA'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 FCA 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.