Ending a joint hire purchase or a conditional sale agreement - letter by Citizens Advice
Updated 17 October 2025
This document is a template letter for jointly terminating a hire purchase or conditional sale agreement. It allows consumers to formally notify a creditor of their intention to end the agreement before the final payment is due, referencing sections 99(1) and 100 of the Consumer Credit Act. The letter also requests arrangements for returning the goods and details of any outstanding liability.
Ending a joint hire purchase or a conditional sale agreement - letter
Sam Hoolin and Alex Liu
8 Park Avenue
Arlton AL1 4CA
01632 960001
[email protected]
Giltham City Bank
24 Station Road
Giltham GT16 3LP
12 September 2025
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
About this template
What is this template?
Ending a joint hire purchase or a conditional sale agreement - letter by Citizens Advice is a free, ready-to-use Banking and finance template you can open, customize, and download on GitLaw. It gives you a professionally structured starting point, so you never have to draft from a blank page. The wording is plain and modern, organized into clear sections that are easy to read, edit, and adapt to your own situation before you share or sign it.
When should you use it?
Reach for this Banking and finance template whenever you need a reliable agreement quickly and want to be sure the essentials are covered. It suits individuals, freelancers, startups, and established businesses alike. Instead of paying for a document drafted from scratch, you can start here, tailor the details to your arrangement, and have a polished draft ready in minutes. This version is drafted with England & Wales in mind, though you should always review the final wording against the laws that apply to you.
What's typically included?
A well-drafted Banking and finance usually sets out the parties involved, the scope of the agreement, and each side's rights and responsibilities. Expect sections covering key terms and definitions, how long the agreement lasts, how it can be ended, and what happens if something goes wrong. This template brings those building blocks together in a sensible order, so you can focus on the specifics rather than worrying about what to include. Open it to read the full document, then sign up to edit, negotiate, and e-sign it directly in GitLaw.