Finance on Yacht Sails

Finance Purchase Information

 

Kemp Sails Limited are O.F.T. licensed credit brokers “Licence Number 662761”. Credit is subject to status and available to permanent UK mainland residents only.

Finance will be provided and administered by: V12 Retail Finance Limited
Registered in England Number 4585692.
Registered Office: V12 Retail Finance Limited, 20, Neptune Court, Vanguard Way, Cardiff, South Glamorgan, CF24 5PJ.

The retailer is Kemp Sails Limited. Written terms are available on request.

Applying for Finance

What Options are available?

  • 0% Finance is available on List Priced, bespoke made Kemp Sails products; such as: Mainsails, Genoas, Spinnakers, Cruising Chutes, Packaways and some other Canvaswork. 0% finance can be spread over 12 or 24 Months. Please inquire for further details.
  • 12-36 Months Low Rate (Typicallly 15.9%) APR Finance is available, with the inclusion of some terms related offers, on bespoke made Kemp Sails products, such as: Mainsails, Genoas, Spinnakers, Cruising Chutes, Packaways, plus many other items including Furling Gear, Sprayhoods and Cockpit Enclosures.

All finance orders are subject to a minimum of 10% deposit, which can be made by Bank Transfer or can be taken from a Debit/Credit Card once your application has been approved and confirmed. The remaining balance is repayable in monthly instalments over the agreed period.

How quickly will my application be processed?

If your online application is received between 9am and 8pm, Monday to Friday (excluding Bank & Public holidays), you will receive a decision within a matter of minutes. If you submit your application outside of these hours, then you will likely receive a response the next working day. You will be sent an email to confirm the status of your application as soon as it has been processed.

Once my application is approved, what happens next?

Within minutes of your application being approved, you'll be asked to accept the terms of the contract - once you select YES, Kemp Sails will be notified and we will contact you to discuss proceeding with the measuring and design process through to the completion of your order. Following which your order will be dispatched for delivery. You will also receive an email with a link to download a copy of your credit agreement for your records.

Will you credit score me and if so, what does this mean?

Credit scoring is the process used by financial services companies to evaluate the credit risk of new applicants. This technique will be applied to your application for online finance. Credit scoring works by awarding points for each answer given on the application form such as age, income and occupation, together with information obtained from credit reference agencies. This information allows us to produce consistent decisions, ensuring all our applicants are treated fairly. Credit scoring does not discriminate on the grounds of sex, race, religion, disability or colour.

If you decline/refuse my application, what is the reason?

In addition to credit scoring, confirmation of your identity, validation of certain application details, existing commitments and information held at the credit reference agencies are all taken into account. Though you will not be provided with a main reason for the decline of your application, it is usually based on one, or a combination of the following:

Your credit score (note that every finance company will score you differently) Adverse credit reference agency information
You are considered to be overcommitted You are aged under 19
Your existing account performance with other lenders
What type of information do credit reference agencies hold about me?

Some of the information is public information, for example electoral roll, County Court Judgements and bankruptcies. Other lenders may also file information about accounts you hold with them for instance this could include your payment history and outstanding balance on these accounts. Any requests for credit, where a credit reference search has been undertaken, will also be filed, although the result of the request is not recorded.

How do I obtain a copy of this information?

You should send a cheque for £2, made payable to the relevant company, together with details of all addresses at which you have lived over the last 6 years:

Consumer Help Desk Experian Limited
PO Box 8000
Nottingham
NG1 5GX

Equifax Department 1E
PO Box 3001
Glasgow
G81 2DT

Callcredit Limited
Consumer Services Team
One Park Lane
Leeds
LS3 1WZ

You can also find out more about credit decisions by visiting the above companies' websites: Experian, Equifax and Callcredit. The above listed agencies will provide details of information relating via these addresses. If you believe that the information is incorrect, you can ask the agency to correct it.

If my application is not successful, can I re-apply?

Yes. We acknowledge that your circumstances change and just because a previous application has been refused, it does not mean that a further request will be automatically turned down. We do suggest however, that you leave at least 3 months between applications. Who is eligible to apply for online finance? To apply for online finance, you must be between the ages of 19 and 85*, work at least 16 hours a week, or be retired with an income. You must also be a permanent resident of the United Kingdom and have lived in the UK for the last three years or more.

Unfortunately, finance cannot be offered to residents of Eire. Homemakers aren't excluded from making applications under their own names.