We are a Registered Firm with the Lending Standards Board which publishes the Standards of Lending Practice for Business Customers/Asset Finance. Lombard is a member of The Finance & Leasing Association (FLA) which is the UK’s leading trade body for asset finance, promoting best practice in lending and leasing.
Find out more about the Standards of Lending Practice.
Security may be required. Product fees may apply. Over 18s only. Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.
The Standards of Lending Practice for business customers/asset finance applies to businesses/organisations, which at the point of lending:
• have an annual turnover of no more than £6.5 million in its last financial year (exclusive of VAT and other turnover related taxes), and;
• do not have a complex ownership structure (for example, businesses with overseas, multiple, or layered ownership structures).
What products do they cover?
• Hire Purchase
• Conditional Sale
Click here to get your copy of the Standards of Lending Practice for business customers/asset finance.
Find out more about the Lender and Borrower Responsibilities.