Page 12 - Lomand March 19

PLEASE READ THROUGH THIS CHECKLIST

As part of our authorisation to offer finance, the Financial Conduct
Authority require us to ensure every customer is treated fairly. To fulfil this
requirement we need to confirm that your application has been completed
correctly and you are aware of key information relating to your loan

agreement.

If there is anything you are unsure about, please ask.

PAYMENT OPTIONS: Have we explained all the different ways to pay?

YOUR FINANCE APPLICATION:
• Have we confirmed the total amount of money you will be
LOAN AMOUNT:
borrowing to complete your purchase?
LOAN TERM: • Have we confirmed the term of the loan?
LOAN APR: • Have we confirmed the APR (annual percentage rate)?
• Have you made us aware of any likely changes in
circumstances that may affect your ability to afford the
monthly repayments?
AFFORDABILITY:
• Have we explained what happens in the event you are unable
to make a payment? You may be liable for potential charges
and your credit file may be affected.
• Is the income figure stated on the application form your sole

income (not joint)?

INCOME: • Is the income figure correct?
• If applicable, is the salary figure stated on the application

correct?
• Have we made you aware that a credit check will be carried
CREDIT CHECK:
out by the lender?
• Have you had enough time to read the T&C's and to ask any
TERMS:
questions?
RIGHT TO • Have we made you aware of the 14 day withdrawal period
WITHDRAW: during which time you can cancel the loan agreement?

FOR INFO: You may receive an ‘After Sales’ call from your lender. During the call they will ask you
to confirm that you have been given the finance information detailed above.

For Internal Purposes Only - Not to be Shown to Customers