Initial Disclosure Document
About our insurance and finance services.
The Financial Conduct Authority (FCA)
The FCA is the independent watchdog that regulates financial services. Use this information to decide if our services are right for you.
Whose products do we offer?
- As an FCA-Regulated Credit Broker, we can introduce you to a limited number of lenders for:
Hire Purchase (Conditional Sale), Personal Contract Purchase
- Our panel of Lenders, who may be able to finance your purchase are:
MotoNovo Finance Limited, Close Brothers Finance &, Connected Car Finance
We will only introduce you to these lenders. We do not offer independent financial advice. You are under no obligation to make use of any financial product arranged by Bateman & Lynch Cars. Other providers may offer similar products that may or may not meet your needs.
Financing Your Vehicle From Our Motor Dealer Partners.
If you elect to purchase from our Motor Dealer partners, their finance partner will check your details with credit reference and fraud prevention agencies, and these agencies will record the check. They will provide the agencies with your current and previous names, address and dates of birth of all parties, so if you are providing information about others, on a joint application, you must be sure that you have their agreement. The agencies will provide them with public information about you and any third party financially linked to you. Information such as county court judgements (CCJ’s) and bankruptcies, electoral register and fraud prevention information on you and your financial associates, current and previous names, addresses and dates of birth. If false or inaccurate information is provided and fraud is identified, details will be passed to fraud prevention agencies. Law enforcement agencies may access and use this information.
- We will review suitable finance products for you after we have assessed your needs for:
Hire Purchase (Conditional Sale), Personal Contract Purchase
You are not obliged to agree with our recommendations or to make any purchase of a financial product. You may obtain free, independent financial and insurance advice from the Money Advice Service at www.moneyadviceservice.org.uk.
What will you have to pay us for this service?
You will make no payment to us for introduction to finance providers, but we may receive a payment(s) or other benefit from the finance provider that could be a fixed fee or as a % of the advance borrowed & does not have an impact on the rate you will receive. You may ask us for details of such payments.
Who regulates us?
Bateman & Lynch Cars are authorised and regulated by the Financial Conduct Authority. Automotive Compliance Ltds FCA Register number is 912240.
You can check this on the Financial Services Register by visiting the FCA’s website, or by contacting the FCA on 0800 111 6766.
What to do if you have a complaint
If you wish to register a complaint, please contact us;
Write to Bateman & Lynch Cars Ltd- [email protected]
Or Alternative Telephone 01579 340100
If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service.
The Data Protection Act
Bateman & Lynch Cars is also governed by the Data Protection Act. This ensures any information you give to us is secure and confidential. This information may be passed to other groups or affiliated members including MotoNovo Finance Limited, Close Brothers Finance & Connected Car Finance.