Ending a joint hire purchase or a conditional sale agreement - letter

This advice applies to Scotland. See advice for See advice for England, See advice for Northern Ireland, See advice for Wales

You can use this letter to end a hire purchase or conditional sale agreement. You might need to do this if you can't afford the payments any more. Before using this letter, it might help to read our information about hire purchase and conditional sale agreements.

This template is to be used for guidance and may not suit your specific situation. If you require more detailed advice and guidance, you can get more help.

Sam Hoolin and Alex Liu

8 Park Avenue

01632 960001


Giltham City Bank

24 Station Road
GT16 3LP

17 July 2024

Your reference: AN1/Reminder/674

To whom it may concern,

Account names: Sam K Hoolin and Alex P Liu

Account number: 12345678

We hereby give you notice that we wish to terminate the above Hire Purchase agreement with immediate effect. We understand we have the right to do this at any time before the final payment is due, under s.99 (1) of the Consumer Credit Act. We also understand that our liability following termination will be calculated in accordance with s.100 of that Act.

Please let us know the arrangements for returning the goods. When they have been returned to you, please tell us if we have anything more to pay.

Thank you for your help and we look forward to hearing from you.

Yours faithfully,

Sam Hoolin and Alex Liu