PRODUCTS

Finance products provided...

HIRE PURCHASE

Hire Purchase provides the benefits of ownership without incurring the full capital outlay at the outset. Payments are agreed in advance and fixed for the life of the agreement.

 

Title passes at the end of the agreement when the payments are complete and the option to purchase exercised. However, because the intention to purchase exists from the outset, capital tax allowances and the other available relief can be claimed from the point the equipment is brought into use.

FINANCE LEASE

A Finance Lease is divided into Primary and Secondary periods. At the end of the agreed Primary period the Hirer (Lessee) can sell the goods on behalf of the Lessor and  retain 100% of the sale value. The agreement would then be closed once evidence of the sale had been provided.

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Alternatively, if the Hirer (Lessee) wished to continue using the goods after the Primary Period, the Lease would extend, and Secondary Period Rentals (normally either £100+VAT or 1% of original equipment cost) would be collected once annually each year goods were retained.

CONTRACT HIRE & 

OPERATING LEASE

For Hirers who want use of an asset without the risks or rewards of ownership. There would be a built in Residual Value by the Lessor reducing the finance payments to the Hirer.

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The period of hire and rentals are fixed in advance and the equipment would return to the Lessor at the end of the agreement.

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To enable the Hirer to budget with total accuracy, maintenance and servicing costs can also be built into the agreement.

 

Off balance sheet funding which can enhance financial gearing.

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LOAN

Unsecured Loan Agreements for established farming clients. Farm project type funding i.e. Security Systems, Lighting, Heating, Building Works etc.

We are proud to be associated with the following funders...

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