V12 Procedure Guide - Flipbook - Page 12
Procedure Guide
Procedure Guide
Proof
Requirement
Proof
Requirement
Proof of ID
(must be in date)
• Valid passport
DVLA Checks
• You will need the customers driving licence number to
complete the application process. If the customer does
not have a copy of their full UK or Northern Ireland driving
licence the customer will need to obtain their driving licence
details from the DVLA.
• National ID Card UK or Northern Ireland
• Firearms or Shotgun certificate
• Valid driving licence (photo card or old style)*
*Cannot be used for both proof of address & ID
Proof of Rent
or Mortgage
• The customer can either call the DVLA on 0906 139 3837
and leave permission for V12 Vehicle Finance. For Northern
Ireland driving licences customer’s need to call 0845
• Receipt of payment from the rental company
• Copy of current rental agreement showing the
payment amount
• Telephone mandate service is open Monday to Friday
8.00am to 8.30pm and Saturdays 9.00am to 5.30pm (there
is no service for Northern Ireland driving licenses on a
Saturday)
• Mortgage statement
• 1 month satisfactory personal bank statement showing the
amount of rent or mortgage payment which matches the
amount confirmed in the application
Proof of
Settlement of
Existing Finance
• Valid clearance letter from the finance company that we can
link back to the Hire Purchase agreement or the settlement
can be included within the invoice
• Or they can obtain the details via the online DVLA check
Job Check
• If the settlement is included in the invoice the settlement
amount must equate to the total sum of the part exchange
and cash deposit values
• Deals may be subject to a satisfactory job check. The
Customer may need to complete the Customer Job DPA
form to provide permission for their employer to disclose
the information to V12 Vehicle Finance
• If a customer is employed via an agency / on zero hour
contract for a minimum of 6 months, a job check will be
required to confirm contract status. If employed with the
same employer, through the agency, for this period then the
deal may proceed
Vehicle Clearance
• If the vehicle is showing on finance, this will need to be fully
cleared (not subject to) or removed from HPI before payout. Any clearance letters/faxes must show the VRN plus
the make and model, it must also be dated and display the
reference number to match the HPI report. We may contact
the finance company to confirm clearance
Please note V12 Vehicle Finance may amend the required criteria at any time.
The requirements stated above are shown for information and guidance.
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