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Lease Finance · Rates & Costs

The Lease Finance 100.
Rates & Costs

Focus: Fees, interest rates, and the total cost of borrowing.

16+Questions
100%Expert Answers
FCARegulated
What role does lease finance play in retail?
TL;DR Explore how lease finance enables retail growth by reducing upfront capital expenditure for property, equipment, and technology. Learn the benefits and compliance risks for UK businesses.
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What is green lease finance, and how does it work?
TL;DR Green lease finance helps UK businesses fund energy efficiency and sustainable property upgrades. Understand the mechanics, benefits for tenants and landlords, and how this specialist finance works.
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Can a business lease renewable energy equipment?
TL;DR UK businesses can lease renewable energy equipment like solar panels and heat pumps through various finance options. Learn about the benefits, tax implications, and types of leasing available.
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Can leased assets be transferred to another business?
TL;DR Need to transfer leased assets to a different business? Understand the legal process, common obstacles, and requirements for novation, assignment, or subleasing of equipment finance agreements in the UK.
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How do leasing companies evaluate asset value?
TL;DR Discover the key methods leasing companies use to evaluate asset value, including depreciation forecasting, residual value assessment, and market analysis. Learn how this impacts your monthly leasing payments.
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How can I find a reliable lease finance provider in the UK?
TL;DR Finding reliable lease finance involves checking FCA registration, comparing rates, and reviewing contracts carefully. Learn how to conduct due diligence and secure the best deal in the UK.
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What should a business look for in a lease finance broker?
TL;DR Choosing the right lease finance broker is crucial for business growth. Learn what to look for, including expertise, compliance, access to lenders, and clear fee structures.
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What’s the difference between leasing from a bank vs. a specialist?
TL;DR Choosing between a bank and a specialist for asset leasing in the UK? We break down the differences in flexibility, cost structure, approval speed, and customer service expertise to help you decide.
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What industries commonly use lease finance?
TL;DR Discover the key sectors benefiting from lease finance in the UK. We explore why industries like construction, manufacturing, transport, and technology rely on leasing for essential equipment and assets.
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What is the difference between personal and business vehicle leasing?
TL;DR Understanding the key distinctions between personal contract hire (PCH) and business contract hire (BCH) is vital for UK drivers. Learn about VAT, tax benefits, eligibility, and documentation requirements for leasing a vehicle.
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How does vehicle lease finance impact a company’s bottom line?
TL;DR Understand how vehicle lease finance affects your company's P&L, balance sheet, and tax liabilities. We explain operational and financial leasing impacts for UK businesses.
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Is vehicle insurance included in lease finance agreements?
TL;DR Find out if standard vehicle insurance is included in your UK lease finance agreement. We clarify leasing obligations, cover types required, and explain the difference between insurance and maintenance packages.
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Can lease finance cover office computers and IT equipment?
TL;DR Yes, lease finance is widely used in the UK to cover office computers, servers, software, and IT infrastructure. Learn how leasing works, the tax benefits, and key considerations for choosing the right agreement.
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What are the benefits of leasing manufacturing equipment?
TL;DR Discover the core benefits of leasing manufacturing equipment for your UK business. Learn how leasing improves cash flow, aids scalability, and offers tax advantages over outright purchasing.
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What are the risks associated with lease finance?
TL;DR Understand the key risks of lease finance, including hidden costs, end-of-term obligations, and potential liability. Learn how to mitigate these financial risks.
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What are the common pitfalls to avoid in lease finance?
TL;DR Avoid expensive mistakes in lease finance. Learn about hidden costs, early termination penalties, and the critical difference between operating and finance leases before you sign a contract.
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Promise Money is a broker not a lender. Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance, commercial mortgages and development finance. These loans are secured on property and subject to the borrowers status. We may receive commissions that will vary depending on the lender, product, or other permissable factors. The nature of any commission will be confirmed to you before you proceed.

More than 50% of borrowers receive offers better than our representative examples

The %APR rate you will be offered is dependent on your personal circumstances.

Mortgages and Remortgages

Representative example

Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at £1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender’s current variable rate at the time. The total charge for credit is £317,807.66 which includes £2,500 advice / processing fees and £125 application fee. Total repayable £587,807.66

Secured / Second Charge Loans

Representative example

Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender’s current variable rate at the time. The total charge for credit is £55,730.20 which includes £2,660 advice / processing fees and £125 application fee. Total repayable £117,730.20

Unsecured Loans

Representative example

Annual Interest Rate (fixed) is 49.7% p.a. with a Representative 49.7% APR, based on borrowing £5,000 and repaying this over 36 monthly repayments. Monthly repayment is £243.57 with a total amount repayable of £8,768.52 which includes the total interest repayable of £3,768.52.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME

REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Promise Money is a trading style of Promise Solutions Ltd – Company number 04822774
Promise Solutions, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG

Authorised and regulated by the Financial Conduct Authority – Number 681423
The Financial Conduct Authority does not regulate some forms of commercial / buy-to-let mortgages

Website www.promisemoney.co.uk