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Initial Disclosure Document

The Financial Conduct Authority is the independent regulator of financial services. The Financial Conduct Authority require us to provide you with a document called an 'Initial Disclosure Document'. This document provides information about us, the products we offer, the services we will provide, what we charge for our services, who regulates us, what to do if you have a complaint and details about the Financial Services Compensation Scheme.


What services do we provide?

We will provide you with either comparable details of firms most appropriate to your lending or purchase requirements or general information relating to finance products. In assessing your requirements we may seek such information about your personal circumstances and objectives as might be relevant in order to enable us to identify your needs. It is important that you provide us with accurate and relevant information. You will not receive advice or a recommendation from us, but we may ask questions to narrow down the selection of firms offered, from which you can more easily make your own choice if you so wish.


Whose products do we use?

As a Financial Conduct Authority regulated credit broker Varissa LTD is authorised and regulated by the Financial Conduct Authority. Varissa LTD  is a credit broker not a lender. We can introduce you to a selected panel of Lenders. We may receive a commission and/or other benefits.  The commission we are paid may vary from funder to funder and from offer to offer.  We will refer you to a finance provider from our funding panel for credit approval. Images are for illustration purposes only. This does not constitute an offer. All offers are subject to change at any time, you must be 18 or over and finance is subject to status. E&OE.



Do we charge for our services?

We charge a fee for our business and personal - regulated - customers of £249.17 excluding VAT and £299.00 including VAT respectively. We are a commission and fee based organisation which means that we may receive a payment(s) or other benefits from finance providers should you decide to enter into an agreement with us. These fees may be variable or pre-set dependent on the product and the volume that we place with the chosen supplier.


Who regulates us?

New Car Contract is authorised and regulated by the Financial Conduct Authority. Our firms reference number is 670197


You can verify this on the Financial Conduct Authority's Register by visiting the Financial Conduct Authority's website: or by contacting them on 0300 500 8082.


Please note that Varissa LTD T/as New Car Contract is a credit broker and not a lender.


Other services we offer may not be regulated by the Financial Conduct Authority, however, the Financial Ombudsman Services has now been extended to handle some complaints under the Consumer Credit Act.


If you have a complaint:

Please visit our complaints procedure page.