BVS Status Disclosure Document - November 2024
The Financial Conduct Authority (FCA) is the financial services independent regulator / watchdog. The below is designed by the FCA to be available to consumers considering buying certain financial products. You need to read this important information. It explains the service you are being offered in relation to finance and insurance or any other related financial related offerings such as warranties for vehicles. Please use this information to decide if our services at Braintree Van Sales are fully fitting for you.
So, Which Products Do We Offer?
We can introduce you to a limited number of lenders and finance products should you require finace for all or part of your vehicle purchase(s). If you, as a potential customer / customer, request it, we can provide a list of lenders we work currently with. Braintree Van Sales Limited are an introducer and NOT a lender.
Which Services Will BVS Provide You With?
Braintree Van Sales Limited are an introducer and not a lender.
We will explain the finance products available to you from the lenders we work with and explain the headline suitability of those finance products, after we have assessed your needs. You will then be able to make your own choice about how to proceed.
We are not an independent financial advisor. We do not assess the wider market for finance, or provide any advice on whether the finance products we offer represent the best value you could obtain.
We will introduce you to a selected lender first. If they are unable to make you an offer of finance, we will then introduce you to up to two further lenders in our panel.
Services:
Firslty, we do not charge you a fee for our services.
We will, as a business, receive a commission from the lender, as either a fixed fee or a fixed percentage on the amount you borrow. These arrangements are negotiated with our lenders in advance and do not give us any discretion to negotiate or adjust your Annual Percentage Rate (APR) or any other item or term included in your specific total charge for credit. The APR may vary according to the amount you borrow. The commission we earn may vary by lender but does not change in relation to the type of finance (hire purchase, personal loan or personal contract purchase) you, as the customer, choose the length of the finance agreement - based on personal and / or business circumstances.
At any time prior to concluding your vehicle purchase, if you are an individual, sole trader or small partnership, you are entitled to request details of any commission we will receive as a result of arranging your finance with a lender. This request can be made from the Sales Executive handling your sale, or by contacting e[email protected]
Some lenders may also provide preferential rates to BVS for the funding of our vehicle stock.
Who Regulates BVS
Braintree Van Sales Limited is authorised and regulated by the Financial Conduct Authority (FCA) - BVS's FCA Registration Number: 723096.
Our permitted business is to act as a introducer for consumer finance.
You can check this on the FCA register by visiting the FCA website www.fca.org.uk/register or by contacting the FCA on 0800 111 6768 or 0300 500 8082
Ownership
Braintree Van Sales Limited is registered in England via Companies House under number: 08770299
Who to contact if you have a complaint
By e-mail - [email protected]
In writing - FCA Compliance Manager, Braintree Van Sales, 80 London Road, Braintree, Essex, CM7 2AS
If you cannot settle your complaint directlty with us in a reasonable time frame, you may be entitled to refer it to the Financial Ombudsman Service.