Initial Disclosure Document

 

 

Hawkstone Commercials Initial Disclosure Document

 

Hawkstone Farley Group Ltd trading as Hawkstone Commercials

Of
The Old Fire Station, Pandy Park, Aberkenfig, Bridgend, CF32 9RE (Company reg no. 13836301)

  • The Financial Conduct Authority

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?

We act as a credit broker, not as a lender, for the introduction to a limited number of finance providers only for; Hire Purchase, Personal Contract Purchase (PCP), Personal Contract Hire, Lease Purchase, Finance Lease, Business Contract Hire, and Personal Loan. Our panel of Lenders, who may be able to finance your purchase are carefully selected and a full list is available upon request. We act as their agent for this introduction and not as your agent. We are not an independent financial advisor; we will provide details of products available. We may advise you on the products, subject to your personal circumstances, though you are not obliged to take our advice or recommendation. You are under no obligation to make use of any financial product arranged by us. Other providers may offer similar products that may or may not meet your needs.
 

  • Which service will we provide you with?

We will review suitable finance products for you after we have assessed your needs for; Hire Purchase, Personal Contract Purchase (PCP), Personal Contract Hire, Lease Purchase, Finance Lease, Business Contract Hire, or Personal Loan.

You are not obliged to agree with our recommendations or to make any purchase of a finance or insurance product. You may obtain free, unbiased guidance from the Money Advice Service at www.moneyadviceservice.org.uk or Your Impartial Guide to Car Finance at www.financingyourcar.org.uk.
 

  • What will you have to pay us for our service?

We charge a processing fee when we arrange an agreement for you. This will be a one-off fee of £200+VAT which is used to cover our administrative expenses. When we introduce you to our panel of lenders, typically we may receive a commission from the lender if you decide to enter into an agreement with them. You may ask us for details of such payments.

·         Commission Arrangements

% of Balance Financed Commission Model
The Dealer will be paid a commission for introducing you to the lender. This will be a percentage of the amount that you borrow. This means the more you borrow the more the Dealer is paid. The commission will be the same no matter the interest rate that you pay. If you ask the Dealer, they will tell you (in good time before the agreement is made) the amount of any commission they will earn from the lender.

Flat £s Fee Commission Model
The Dealer will be paid a commission for introducing you to the lender. This will be a flat fee amount. This means the commission will be the same no matter how much you borrow or the interest rate that you pay. If you ask the Dealer, they will tell you (in good time before the agreement is made) the amount of commission they will earn from the lender.

 

  • Who regulates us?

Hawkstone Farley Group Ltd is authorised and regulated by the Financial Conduct Authority with FRN 987531.
 

  • What to do if you have a complaint?

If you wish to register a complaint, please contact us;

Complaints Officer Contact Details

Name: Oliver Lewis

Telephone: 01656 47 00 66

Address: The Old Fire Station, Pandy Park, Aberkenfig, Bridgend, CF32 9RE

E-mail: oliver@hawkstonefarley.com

Please review our Complaints Policy page for further information. If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service.

 

The data protection act

Hawkstone Farley Group Ltd is also governed by the Data Protection Act (2018). This ensures any information you give us is managed in a secure and confidential manner. This information may be passed to other groups or affiliated members including those company(s) detailed in Section 2 above. Without this information Hawkstone Farley Group Ltd is unable to process your order or enquiry. Under the Data Protection Act you may apply to have this information restricted or removed at any time by contacting us. You can do this by writing to; The Data Protection Officer, Hawkstone Farley Group Ltd, The Old Fire Station, Pandy Park, Aberkenfing, Bridgend, CF32 9RE.