Information Notice – Status Disclosure
T C Harrison 1960 Limited - trading as iCarLease
Cuthbert House
9 Brookdale Court
Chapeltown
Sheffield
S35 2PT
The Financial Conduct Authority (FCA)
The FCA is the independent watchdog that regulates financial services. We are required to give you this document, and you are able to use this information to decide if our services are right for you, prior to making any decisions to proceed.
Which products do we offer?
T C Harrison 1960 Limited is a credit broker and not a lender. We provide vehicle finance brokerage via a limited number of finance providers on business contract hire and personal contract hire products.
We are not independent financial advisors
We WILL NOT advise on or recommend to you any guaranteed asset protection, critical illness, or income protection products. If you feel you have a need for this type of insurance, you should contact an Independent Financial Advisor.
Whose products do we offer?
T. C. Harrison 1960 Limited trading as iCarLease is a credit broker and we have exclusive relationships with key lenders and partners. We offer a limited range of selected consumer finance products from Arval, Close Brothers, and a limited number of other lenders, details of which are available on request.
What service will we provide you with?
We will provide you with information on contract hire products and general information relating to finance products. We will request information from you to assess your demands and needs, which may include requesting information on your personal circumstances. It is important that you provide accurate information so that your demands and needs can be appropriately assessed, and we encourage you to ask any questions you may have relating to our finance products or lenders.
Contract hire may not be the most appropriate method of funding your vehicle, other funding methods may be more appropriate. We will explain the key features and benefits of contract hire to enable you to make an informed decision.
We will require you to advise us on how you wish to proceed.
Can we give independent financial advice?
No, we are not independent financial advisors and so we are unable to provide you with independent financial advice.
Because of our exclusive relationships with chosen finance, these offers/products may, in some circumstances, not be your best financing option available to you in the open market, and you are encouraged to consider this prior to proceeding with us. We do not search the full finance market or all potential funding routes.
What will you have to pay us for this service?
No fee is payable for our credit broking services or any associated services related to the processing of the finance application; however, a lender will pay us if you enter into an agreement with them. We can introduce you to a small number of carefully selected credit providers who may be able to offer you different finance products to suit your needs. You are not obliged to use these finance products, which may have different interest rates and charges, and it may be possible for you to find alternative finance products elsewhere in the market which better suit your personal circumstances. A lender we introduce will provide us with a fixed introductory commission for the work that we do, and this commission will influence the amount you pay to the lender under your credit or hire agreement. Different lenders that we work with may pay us different levels of commission. We periodically review finance arrangements with all lenders and the fixed commission amount could change at the point of review. The commission received is fixed for the duration between reviews and cannot be amended. Based on the specific provisions outlined in your agreement, we may additionally be eligible to receive a commission from the lender pertaining to a volume bonus. Any volume bonus received will be retrospective and will not influence the amount that you pay to the lender under your credit or hire agreement. We will disclose to you the total amount of commission that we will receive at the point we wish to propose your agreement to the lender.
Who regulates us?
T C Harrison 1960 Limited, Milford House, Mill Street, Bakewell, Derbyshire, DE45 1HH, is authorised and regulated by the Financial Conduct Authority for consumer credit activities. Our FCA Register Number is 664529.
Our permitted business is:
You can check this on the FCA’s Register by visiting the FCA’s website www.fsa.gov.uk/register/ or by contacting the FCA on 0800 111 6768.
What to do if you have a complaint?
If you wish to register a complaint, please contact us:
… in writing
Brokerage Matters, TCH Leasing, Cuthbert House, 9 Brookdale Court, Chapeltown, Sheffield, S35 2PT
… by phone
0114 2574290
If we cannot settle your complaint, you may be entitled to refer it to the Financial Ombudsman Service. You can contact them by phone on 0800 023 4567 or further information is also available at complaint.info@financial-ombudsman.org.uk. You may also wish to visit their website at www.financial-ombudsman.org.uk for more information.
Are we covered by the Financial Services Compensation Scheme (FSCS)?
We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim. Insurance advising and arranging is covered for 90% of the claim, without any upper limit.
Further information about the compensation scheme arrangements is available from FSCS. You can telephone the FSCS on 0800 678 1100 or write to them at Financial Services Compensation Scheme, PO Box 300, Mitcheldean, GL17 1DY.