Legal
The regulatoryposition.
Who Ultra Vita is in relation to finance, who stands behind it, how it is paid and what it does not do. The disclosure text on this page is DSG's and is reproduced as supplied, not paraphrased.
Where Ultra Vita stands
Ultra Vita is a credit broker, not a lender. It does not lend money and does not make lending decisions; it introduces customers to finance and the lender decides.
Riccardo Leighton is an agent of DSG Financial Services Ltd, which is authorised and regulated by the Financial Conduct Authority. A full appointed representative arrangement has been proposed and is not in place, so Ultra Vita does not describe itself as an appointed representative and is not itself authorised by the Financial Conduct Authority.
Business details
Riccardo Leighton trading as Ultra Vita, a sole trader. Riccardo Leighton is an agent of DSG Financial Services Ltd, which is authorised and regulated by the Financial Conduct Authority (firm reference 649675, company number 02313903). Ultra Vita is a credit broker, not a lender. Registered with the Information Commissioner's Office, reference ZC236752.
Approved disclosures
The status, commission and complaints wording below is reproduced from the text approved by DSG's compliance team. It is entered into this site as supplied and is not edited, shortened or rewritten here.
It was taken from the passage Ultra Vita publishes today. What is outstanding is confirmation that it matches DSG's own source document, which is why this page is not yet published.
Regulatory
Riccardo Leighton trading as Ultra Vita. Riccardo Leighton is an agent of DSG Financial Services Ltd. We can introduce you to a limited number of lenders and their finance products. We are not an independent financial advisor; we will provide details of products available, but no advice or recommendation will be made. You must decide whether the finance product is right for you. We do not charge you a fee for our services. Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow). The commission arrangements we have in place vary, depending on how you are introduced to us and with which lender we are able to place you with. When you are introduced to us by a motor retailer, we may be paid a flat fee, regardless of the interest rate you pay, finance product, length of agreement, or amount of finance. We may also be paid a fixed rate of commission, calculated as a percentage of the amount of finance. We will always introduce you to the most suitable finance lender offering you the most appropriate finance product for your needs, and at the best interest rate possible (which is determined by the finance lender) based on the commission we are paid and by your credit profile. The amount of commission we receive and pay, and your credit profile, will impact the amounts you pay under your credit agreement. In both cases, we will pass a proportion of the commission paid to us to the motor retailer that introduced you to us. We may also be paid, and pay the motor retailer, higher commission depending on the type and age of vehicle or based on the finance product you are provided with. In these cases, commission levels vary based on the levels of work required to be undertaken by us and the motor retailer. Whilst we may receive higher levels of commission based on the finance product you are provided with, this is always based on the level of work required in relation to the particular product and we will not seek to secure finance products that are not suitable for your needs. We may select a lender which is part of our group (Unity Auto Finance Ltd). We will only ever select this particular lender from the panel available to us if it is in your interests and is the most appropriate lender for your particular needs. If you would like to know how we handle complaints, please ask for a copy of our complaints handling procedure, or click here . For our Privacy Policy click here . You can also find information about referring a complaint to the Financial Ombudsman Service (FOS) at www.financial-ombudsman.org.uk. For free and impartial money advice, contact the Money Advice Service. DSG Financial Services Ltd is authorised and regulated by the Financial Conduct Authority (Firm reference number – 649675). DSG Financial Services Ltd is a company registered in England & Wales with a company number 02313903. Our VAT registration number is 322 3523 42. All Rights Reserved. We are a credit broker and not a lender.
No advice, and no recommendation
Ultra Vita does not provide regulated financial advice and does not make personal recommendations. Information about PCP, Hire Purchase, Lease Purchase and other arrangements is general information intended to help you understand the differences and ask better questions.
It takes no account of your circumstances, your other commitments or what you are trying to achieve. The decision is yours, and the agreement is between you and the lender.
Which lenders
Ultra Vita does not work with every lender and cannot offer every product on the market. What is available to you depends on the lender, the vehicle and your circumstances.
The approved disclosure above describes the panel. Nothing on this site should be read as a claim to search the whole market.
Finance is never guaranteed
Every application is assessed by the lender on affordability and credit history, and any agreement is subject to that lender's approval. A lender may carry out a credit search, which may leave a record on your credit file; the lender will tell you when that happens and what kind of search it is.
Nothing on this website is an offer of credit, a quotation or an indication that an application would succeed.
Fees and commission
How Ultra Vita and DSG are paid in relation to credit broking is set out in the approved commission disclosure above.
Separately, Ultra Vita may agree a fee with you for a non-finance service — sourcing a vehicle, for instance, where no supplier commission is payable. That is not a fee for arranging credit and is never a condition of a finance introduction. The vehicle sourcing terms explain it.
Complaints
A complaint about a regulated finance activity is handled under DSG's complaints procedure, and you may be able to refer it to the Financial Ombudsman Service afterwards. The complaints page explains the route and links to DSG's published procedure.
- DSG Financial Services complaints procedurePDF, published by DSG (opens in a new tab)
- Financial Ombudsman Service (opens in a new tab)
Questions about this page? Speak to a person on +44 7854 089010