Foremans Relocatable Building Systems Ltd has arrangements with a number of Lease Finance Houses, who are able to provide lease purchase agreements subject to suitable financial status.

A Lease Purchase is a conditional sales contract set up as a lease, in which the lessee is, or will become, the owner of the leased modular building by the end of the lease term, and, therefore, is entitled to the tax benefits of ownership. Similar to a finance lease in structure except that the lessee has a bargain purchase option at the end of the primary term (typically £1) in which the lessee is treated as the owner of the asset for tax purposes (and is entitled to the tax benefits of ownership). The lessee does not become the legal owner of the asset until all terms and conditions of the agreement have been satisfied.

Lease purchase gives you the customer the opportunity to spread the cost of purchasing the modular building you want, over an agreed period. Lease purchase is available whether the modular building is temporary or permanent.

We have chosen the Finance Houses we work with because of their specialist knowledge and experience of the temporary and permanent modular building industry. This allows them to make prompt decisions, which allow Foremans’ customers to get on with their business without frustrating delays while "finance committees" consider whether to say "Yes or No".

If you contact Foremans, you can expect to be put in touch with someone who understands lease finance, construction using modular buildings and the industry in which you operate. Furthermore, because he or she is confronted daily with the problems and opportunities of businesses like yours, your time will not be wasted by meaningless discussion and pointless questions.

The right Lease purchase solution for your business might be an "off the peg" finance package but many businesses require "Tailor-Made" solutions; both are available.

Lease Purchase facilities can be tailored to your specific requirements with low deposits and repayments geared to your business, if required.

With Lease Purchase you pay the VAT at the beginning and provided you are VAT registered you will recover it in the same way.

With Lease Purchase you own the modular building outright, after you have completed all the payments in the agreement period. This means that your business has the use of the modular building from the time it is handed over to you at the start of the agreement, for as long as you like.

If you subsequently sell the building, after the end of the agreement, you receive the sale proceeds.