We’re proud to be a member of the CCTA and operate by a strict Code of Practice. That means we lend responsibly and have been helping people for over 17 years!Code of Practice
Logbook loans are a way of borrowing money using your car to secure a loan. The amount of money we can lend you depends on the value of your vehicle and how much money you can comfortably afford to repay.
Lending is secured against your car using a document known as a Bill of Sale which allows you to keep your car while your logbook loan is being repaid - we just keep hold of the V5 / logbook.
As long as you are named on the v5 registration document (or “logbook”) as the registered keeper of the vehicle and there is no outstanding finance on it, we can lend you from £500 upwards (subject to a successful application and affordability checks).
Once your loan is repaid, we simply return your vehicle’s V5 logbook document to you.
All applications for logbook loans are treated individually and we always ensure that each customer can afford to repay the money we are lending prior to agreeing the loan. If you wish to borrow money from Mobile Money there are a number of items we will need to see before we can agree to lend you money.
Firstly we need to see proof of your income to ensure your loan is affordable and the vehicle’s Logbook / V5 Registration Document so we can confirm that you are the registered keeper. We will also need to see your passport or driving licence in order to confirm that you are the person named in the documents as well as a recent bill or letter which includes your name and current address.
Finally, we will need to see your car so we can make sure that we have valued it correctly for you. We will arrange for one of our team to meet you at a convenient location.