Regulatory and Legal Information

We are Mann Island Finance Limited, a credit broker which is part of the Investec group of companies (the ‘Investec Group’).

We are not a lender ourselves but we can introduce you to a number of finance companies (‘funders’) which may be able to finance your transaction. We have access to a wide range of funders but there are other funders we cannot introduce you to which may also be able to offer you finance. Two of our funders, MI Vehicle Finance Limited (MIVF – see below) and Investec Asset Finance plc (IAF), are companies linked to us, as we are all part of the Investec Group.

Finance is arranged subject to status and terms and conditions. We cannot guarantee that we will be able to secure finance for you.

You don’t have to pay us for our service but a funder you enter into a credit agreement with may pay us a commission (usually a percentage of the credit advanced) for introducing you to them. The percentage paid by each funder may vary according to the interest rate it charges you but, for your reassurance, we cannot change that rate in order to receive more commission from a particular funder.

Where the funder is MIVF, we do not receive a payment for individual introductions. Instead, we are reimbursed annually for the costs we incur in processing business.

For hire agreements, we receive a percentage of the tax list price of the vehicle from the funder and may receive more based on how much business we give it and the quality of our service. The more we receive, the more you will pay to hire your vehicle.

If we are successful in obtaining an offer of finance for you and you would like to know the amount (or likely amount) we would receive if you decided to go ahead with the agreement and how that amount has been calculated, please contact us at [email protected] or using the details on our Contact Us page.

We may pass on some or all of an introduction payment we receive from a funder to the dealer which submitted your original application to us or, where MIVF is the funder, it may pay the dealer direct. The dealer must also disclose to you the basis on which it receives payment for finance introductions, including, for example, where it has recommended a product which pays it a greater commission and where the interest rate charged to you may consequently be higher.

Yes, we are authorised for credit-broking activities by the Financial Conduct Authority (“FCA” – Firm Reference Number 661294). For more information, please visit the FCA website here. Please note that business customers may not be protected under the Consumer Credit Act 1974 or FCA rules.

No, we are not independent financial advisers and so are unable to provide you with independent financial advice. We are, however, independent of all the funders we introduce business to, apart from MIVF and IAF.

We will use your information to obtain quotes from funders and to process finance applications through them and we and /or they may also conduct searches of your record held with one or more credit reference agencies. Credit checks may as a result appear on your credit file lodged by organisations with whom you have not dealt directly. The personal information collected will also be shared with fraud prevention agencies who will use it to prevent fraud and money-laundering and to verify your identity. If fraud is detected you could be refused certain services, finance or employment.

Further information on how your information will be used by us, funders and these fraud prevention agencies, and your data rights can be found here. The personal data of any joint applicant or guarantor is processed on the same basis.

The Investec Group (including us, MIVF and IAF) may contact you periodically by telephone and/or post to provide information regarding events, products, services and content that may be of interest to you, unless you advise us that you do not wish to receive marketing or market research from us.

The Investec Group will not send you marketing or market research requests by email or other electronic means unless you agree to this.

Processing for marketing purposes applies to the principal applicant. Any secondary joint applicant or guarantor will not be marketed.

If at any time you wish to stop receiving marketing or market research from the Investec Group, please contact us via [email protected].

Please see our Complaints section for details of how to make a complaint to us.

MI Vehicle Finance, a lender, which is part of the Investec group of companies (the ‘Investec Group’).

We are a finance company (‘funder’) which may be able to finance your transaction. We only accept business introduced through brokers, including Mann Island Finance Limited (MIF – see above), a linked company which is also part of the Investec Group. We have a range of finance products which we may be able to offer you, including hire purchase, personal contract purchase, lease purchase and finance lease.

Yes, we are authorised for lending activities by the Financial Conduct Authority (‘FCA’ – Firm Reference Number 718729). For more information, please visit the FCA website here. Please note that business customers may not be protected under the Consumer Credit Act 1974 or FCA rules.

We are also members of the Finance & Leasing Association and subscribe to its Lending Code, under which we make various commitments to our customers. The Lending Code can be downloaded from: https://www.fla.org.uk/consumer-information/lending-code/.

You will only have to pay us if your application for finance is accepted and you enter into a finance agreement with us. You will then make monthly payments to us, which will include interest charges to cover our costs. We may make other charges but these will be notified to you before you enter into a finance agreement.

No, we are not independent financial advisers and so are unable to provide you with independent financial advice. Your broker will be able to assist you in selecting a product which is suitable for your needs and circumstances and affordable for you.

We will use your information to process your finance applications and to assess creditworthiness. We will conduct searches of your record held with one or more credit reference agencies for this purpose. Credit checks may as a result appear on your credit file lodged by organisations with whom you have not dealt directly. The personal information collected will also be shared with fraud prevention agencies who will use it to prevent fraud and money-laundering and to verify your identity. If fraud is detected you could be refused certain services, finance or employment. Further information of how your information will be used by us and these fraud prevention agencies, and your data rights can be found at https://mannisland.co.uk/mivf-data-protection/. The personal data of any joint applicant or guarantor is processed on the same basis.

The Investec Group may contact you periodically by telephone and/or post to provide information regarding events, products, services and content that may be of interest to you, unless you advise us that you do not wish to receive marketing or market research from us. The Investec Group will not send you marketing or market research requests by email or other electronic means unless you agree to this.

Processing for marketing purposes applies to the principal applicant. Any secondary joint applicant or guarantor will not be marketed.

If at any time you wish to stop receiving marketing or market research from the Investec Group, please contact us via [email protected].

Please see our Complaints section for details of how to make a complaint to us.