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Terms and Conditions

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Last Updated: 27 June 2025

Terms and Conditions

18. Transferring your agreement

You cannot transfer your Agreement or your rights and duties under it.

We may transfer your Agreement, or any of our rights and duties under it, to another person or organisation (“the Transferee”) if:

  • The Transferee is authorised by the Prudential Regulation Authority or the Financial Conduct Authority and has permission from the Financial Conduct Authority to exercise the lender’s rights under agreements regulated by the Consumer Credit Act 1974;
  • We have first agreed a statement of policy with the Transferee under which they agree to exercise the rights and powers transferred in a way that is no less favourable to you than the way in which we have been exercising them before the transfer.

We will arrange for notice of the transfer to be given to you as soon as reasonably possible after the transfer. However, if there is no change so far as you are concerned in the arrangements for administering your Agreement following the transfer, we do not need to give you notice of the transfer until those arrangements are changed in a way which affects you.

Last Updated: 27 June 2025

18. Transferring your agreement

You cannot transfer your Agreement or your rights and duties under it.

We may transfer your Agreement, or any of our rights and duties under it, to another person or organisation (“the Transferee”) if:

  • The Transferee is authorised by the Prudential Regulation Authority or the Financial Conduct Authority and has permission from the Financial Conduct Authority to exercise the lender’s rights under agreements regulated by the Consumer Credit Act 1974;
  • We have first agreed a statement of policy with the Transferee under which they agree to exercise the rights and powers transferred in a way that is no less favourable to you than the way in which we have been exercising them before the transfer.

We will arrange for notice of the transfer to be given to you as soon as reasonably possible after the transfer. However, if there is no change so far as you are concerned in the arrangements for administering your Agreement following the transfer, we do not need to give you notice of the transfer until those arrangements are changed in a way which affects you.