Financial Requirements Calculator
From 1 January 2019 the financial standing requirements for standard licences will increase slightly to £8,000 for the first vehicle and £4,450 for each subsequent vehicle – both figures have gone up by £50.
OTC Leeds will be applying these figures now for applications submitted after 1 December 2018. There is no change to restricted licences.
Note – for multiple licence holders there only needs to be one first vehicle not one for each licence.
For assistance please contact:
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Tim Culpin, Partner
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Tim Culpin is a “really friendly and helpful guy” who gives “really good advice and knows what he is talking about.”