Information Notice
Information Notice
To proceed with a vehicle leasing or consumer credit finance application, we are required to bring the following information to your attention.
About Us
Rayner Smith Finance is a trading style of Rayner Smith Finance & Leasing Ltd.
Registered Office:
Unit C2, Otley Mills
Ilkley Road
Otley
West Yorkshire
LS21 3EE
Company Registration Number: 11857387
We are authorised and regulated by the Financial Conduct Authority (FCA) for credit broking activities.
FCA Firm Reference Number: 922697
We are a credit broker and not a lender.
You can check our authorisation on the Financial Services Register by visiting www.fca.org.uk/register or by contacting the FCA on 0800 111 6768.
BVRLA Membership
Rayner Smith Finance & Leasing Ltd is a member of the British Vehicle Rental and Leasing Association (BVRLA) and adheres to the BVRLA Code of Conduct.
BVRLA Membership Number: 11421
Our Services
We act as a credit broker and may introduce you to a panel of lenders, leasing companies and finance providers who may be able to offer finance or vehicle leasing solutions that meet your requirements.
We do not provide independent financial advice and we are not a lender.
All finance applications are subject to status, underwriting and acceptance by the relevant finance provider.
Fees, Charges & Commission
Rayner Smith Finance charges a brokerage fee of £195.00 plus VAT (£234.00 including VAT) for arranging your vehicle finance or leasing agreement.
This fee contributes towards the administration, sourcing and brokerage services we provide, including arranging quotations, liaising with finance providers and supplying dealers, and managing your vehicle order through to completion.
The brokerage fee becomes payable once your finance has been approved and your vehicle order has been accepted. Payment can be made by bank transfer or debit/credit card. Where available and subject to lender approval, the fee may also be incorporated into your finance agreement and spread across the agreed contract term.
If you decide to cancel your Agreement for Brokering Services after work has commenced, Rayner Smith Finance reserves the right to charge a cancellation fee of up to £395.00 plus VAT to cover the costs of services already provided. Full details can be found within our Terms and Conditions.
Any applicable cancellation charge will be confirmed to you within 14 days of receiving your cancellation request and will be payable within 14 days of the invoice being issued.
Please note that these brokerage cancellation terms relate solely to the services provided by Rayner Smith Finance and do not affect any statutory cooling-off rights you may have in relation to a regulated finance agreement with the finance provider.
In addition to our brokerage fee, Rayner Smith Finance typically receives commission from the lender, leasing company or finance provider for introducing business to them. The commission we receive varies depending on the finance provider and the type of agreement arranged.
The commission we receive may form part of the overall cost of your finance or leasing agreement. In some cases, a higher commission payment may result in a higher overall cost to you. However, we are committed to acting honestly, fairly and professionally at all times and will always seek to recommend products that are appropriate for your needs and circumstances.
Further information regarding our remuneration arrangements is available within our Commission Disclosure document. You also have the right to request details of any commission payable in connection with your agreement before you enter into it.
Your Information
In order to obtain quotations and submit finance applications, we may collect and process personal information and share it with lenders, credit reference agencies and fraud prevention agencies.
Further information regarding how we process personal information can be found in our Privacy Notice.
Contact Us
If you have any questions regarding this Information Notice or our services, please contact:
Rayner Smith Finance
Unit C2, Otley Mills
Ilkley Road
Otley
West Yorkshire
LS21 3EE
Telephone: 0113 887 5050
Email: [email protected]
Rayner Smith Finance is a trading style of Rayner Smith Finance & Leasing Ltd. Registered in England & Wales No. 11857387. Authorised and regulated by the Financial Conduct Authority (FRN 922697). ICO Registration No. ZB739954. BVRLA Member No. 11421. Registered Office: Unit C2, Otley Mills, Ilkley Road, Otley, West Yorkshire, LS21 3EE.