Who are they ?
They are an old established traditional finance house who have traded from their Southampton headquarters for 50 years, providing hire purchase, leasing and personal loan facilities, to help private or business customers buy new or used vehicles, motorcycles, caravans or boats.
Are they owned by a bank ?
Southern are part of The Lenlyn Group, a major global financial services organisation, including Raphaels Bank (founded in 1787) and International Currency Exchange.
What standards do they operate to ?
They are long standing members of The Finance and Leasing Association and operate within their Lending Code 2006 which can be inspected at www.fla.org.uk
They are also members of the Consumer Trade Association, a consumer credit body, formed in 1891.
What products do Southern finance ?
New or used wheelchair adapted vehicles, cars.
What facilities do Southern offer ?
Traditional Hire Purchase, Lease Purchase(HP with a final balloon payment) Lease and Personal Loan.
Will I own the goods at the end of the finance agreement ?
Yes in all cases except a Leasing agreement.
Would I pass their credit scoring ?
Southern do not credit score-each application is considered on an individual basis.
What if I am not in full time employment or retired ?
You do not need to be in full time employment to apply. Your ability to meet the monthly payment from income such as allowances or pension is the most important factor for Southern-we take their role as a responsible lenders very seriously and will endeavour to structure a financial repayment and term to suit your circumstances.
Do I have to pay a deposit ?
Not in all cases-Southern try to structure the transaction to suit individual circumstances and a deposit is not always necessary.
What periods can I repay over ?
Between 12 and 60 months.
What are the minimum and maximum amounts I can borrow ?
Minimum £1000 and there is no maximum amount-this will be linked to the profile of the individual or corporate applicant, including Charities.
Can Southern incorporate the VAT Zero Rating into their finance agreements ?
Yes-not a problem. Should you have any doubts regarding your eligibility, visit HM Customs and Excise website, available under www.hmce.gov.uk and then Notice 701/59,headed Motor Vehicles For Disabled People.
Can my allowances be paid directly to Southern ?
No-Southern collect monthly payments from your bank/building society by direct debit.
Can I settle my finance agreement early?
Yes-simply contact us to request a settlement figure.
What happens if I have an Appointee, private or corporate, handling my financial affairs ?
Southern are happy to deal via an Appointee-the finance agreement would be in the individuals name and there would be no financial information recorded against the Appointee on their personal credit file.
Is there a limit to the number of people receiving allowances that Southern will include on a finance agreement ?
No-speak to us about your circumstances.
Do Southern provide finance to every applicant ?
We cannot meet every applicants needs and will maintain our obligations to be a responsible and ethical lender.
How long must I wait for a decision on my finance application ?
Southern will normally confirm their decision within a maximum 24 hours of receiving an application.
How do I obtain a finance quotation ?
Contact Southern and speak to Jacqui Wilkins ; direct line ; 02380 215733 or phone the Divisional Manager, Derek Hannah on 01427 875820 or 07899 066099. Alternatively contact Jacqui or Derek by email on firstname.lastname@example.org or email@example.com
Full written quotations, without obligation, will be supplied upon request