Initial Disclosure Document
We are Bridle Vehicle Leasing, part of the Bridle Group and a trading name of Hanborough Enterprises Limited. Hanborough Enterprises Ltd is a company registered in England no 07216831 and our registered office and trading address is Tamarisk House, North Leigh Business Park, North Leigh, Witney, Oxfordshire OX29 6SW.
We are regulated for consumer credit activities and insurance distribution by the Financial Conduct Authority. Our Firm Reference Number is 631448. You can check this information at www.fca.org.uk.
We are registered with the Information Commissioners Office for the processing of data under The Data Protection (Charges and Information) Regulations 2018. Our Data Protection Registration number is Z264186X. You can check this information at www.ico.org.uk.
We are a member of the British Vehicle Rental and Leasing Association and abide by their Code of Conduct. For further information visit www.bvrla.co.uk
We are a credit broker. We are not a funder or lender.
We’re a vehicle finance broker who is authorised and regulated by the Financial Conduct Authority. We’re not a funder or a lender. We don’t provide independent financial advice but offer the service of providing information about the various finance products which are available to you to fund your vehicle from our carefully selected panel of funders. We’ll source the vehicle on your behalf which will be the subject of your finance agreement from our preferred selection of main dealers. We’ll also advise you of ancillary products which may be of interest to you from our other suppliers, including insurance to protect any potential shortfall in the event that your vehicle is declared a total loss, cover for minor repairs, alloy wheel refurbishment and loss of keys, and for business users, various fleet management tools.
We only offer the following insurance products from a limited number of insurers AutoProtect MBI Ltd, and we will receive a commission from them:
- Combined GAP/RTI Insurance through AutoProtect MBI Limited
- SMART Insurance through AutoProtect MBI Limited
- Alloy Wheel Insurance through AutoProtect MBI Limited
- Key Protection Insurance through AutoProtect MBI Limited
- Lease/Contract Hire SMART Cover through AutoProtect MBI Limited
- Lease/Contract Hire GAP Insurance Rental Benefit through AutoProtect MBI Limited
- Motor Insurance through Lloyd Latchford Group Limited
General Data Protection Regulation
We’re required by the Financial Conduct Authority to let you know about the existence of commission, which is our main source of income and enables us to run our business and provide our services to you. We have a panel of funders who will pay us a commission for introducing you to them if you decide to use our services. They allow us discretion, within set parameters to set the amount of the commission that we will receive, and this will have a direct impact on the amount that you pay. If you decide to purchase an ancillary product including insurance, we will receive commission from the product provider. We may also receive a commission from the dealer that we use to supply your vehicle. You may have the right to ask us the amount of commission that we will receive from your transaction. For further details please see the Commission Disclosure Policy on our website.
Charges for our service
We make a charge to you for the service that we provide:
We will charge an administration fee of £199.00 including VAT (£165.83 plus VAT) for our Brokering Services when you place an order.
We will charge a cancellation fee of £600.00 including VAT (£500.00 plus VAT) to cover the work that we have undertaken from the point of your initial enquiry. If you are a regulated customer, you have the right to cancel the order within 14 days from the date of order without penalty in accordance with the Consumer Contracts Regulations. A cancellation received after 14 days will result in a cancellation fee. Please note that the supplying dealer of the vehicle may also levy a cancellation charge and we will notify you of this within 2 working days of your cancellation.
We will charge an administration fee of £114.00 including VAT (£95.00 plus VAT) for our services when we arrange a reschedule of your agreement. Please note that certain rules apply as to when a reschedule may take place and not all funders will reschedule an agreement. Please speak to us if this may be important to you.
We will charge an administration fee of £114.00 including VAT (£95.00 plus VAT) for arranging the extension of your agreement.
Invoices in respect of our fees are payable within 7 days and may be made either online using a debit card or by direct bank transfer.
Our Customers are extremely important to us and whilst we aim to provide a trouble free and excellent level of service, we know that sometimes things go wrong. If you have cause to complain, we take any complaint very seriously and promise to deal with it promptly, effectively and in a positive manner. A complaint may be made to any member of our staff by:
Phone: 01993 226225
Writing to: Bridle Vehicle Leasing, Tamarisk House, North Leigh Business Park, North Leigh, Witney, Oxfordshire, OX29 6SW
We’ll deal with your complaint in line with our Complaints Procedure, a copy of which we’ll forward to you but may also be found on our website www.bridlevehicleleasing.co.uk/complaints-procedure.
Please speak to us if you are unsure of the contents of this Initial Disclosure Document.