CarMoney London (B2B Brokers Ltd)

CarMoney London, vehicle finance brokerage in Greater London

CarMoney London is the trading name under which B2B Brokers Ltd operates, a franchise of the CarMoney network in the London area. The firm is led by Bailey Spencer and Antonio Hurshid, two motor trade professionals who combine experience in dealership sales and finance brokering. Their activity focuses on Greater London and the surrounding areas, where they serve both dealers and end customers.

The company presents itself as part of CarMoney, which is described in the material analysed as one of the UK's largest car finance brokers and part of the 100-year-old Peter Vardy Group. The London franchise was launched with the stated aim of increasing brand awareness and geographical reach.

Products and finance terms

The finance offering includes PCP (Personal Contract Purchase) and HP (Hire Purchase) agreements, with a representative APR from 8.9%. Finance is available for cars, light commercial vehicles (LCVs), leisure vehicles and motorbikes, and includes the option to contract without a deposit. The company works with more than twenty lenders, from prime to subprime profiles, and offers both personal and business finance.

Among the advantages highlighted in its presentation are access to ten PCP specialist lenders, acceptance of provisional applications and prime and subprime profiles, and the availability of exclusive lenders. The company acts as a credit broker, not as a lender, and does not charge customers a fee for its consumer credit services. The commissions it receives from lenders are fully disclosed during the contracting process.

Dealer services and processing

CarMoney London's proposition to dealers is structured as an outsourced finance management service. The company handles document collection, regulatory compliance, deal tracking and communication of updates, so that the dealer can focus on selling. The process includes clear commission disclosure, electronic signature and secure upload of identity documents.

The firm describes its relationship with dealers as a long-term partnership, based on access to a diverse lender panel and a support system that aims to convert more enquiries into completed deals. Its stated area of operation covers the CR, HA, UB, NW, W, SW, SM, SE and TW postcode areas.

Management team

Bailey Spencer brings experience in sales at a manufacturer main dealer, where he rose to become a top-performing sales executive before moving into finance brokering. In this role he has developed specialist knowledge in vehicle finance and strong, long-term relationships with lenders and dealers.

Antonio Hurshid has over ten years of experience in the motor industry. He started in car sales and currently works as a finance broker, specialising in streamlining the process for dealers and their clients. His profile combines an understanding of buyer needs with dealership operations.

Regulatory framework

B2B Brokers Ltd t/a CarMoney London operates as an appointed representative of ITC Compliance Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) with registration number 313486. The company has FCA registration number 1043619. Its permitted activities include credit broking, without acting as a lender or as a financial adviser or fiduciary. Finance applications are subject to status, terms and conditions, and are intended exclusively for UK residents aged 18 or over; guarantees may be required.

The material includes a representative HP finance example: a loan of £6,000 with a £1,000 deposit over 48 months, with a representative APR of 16.9%, a monthly payment of £169.01, a total cost of credit of £2,112.50 and a total amount payable of £9,112.50.