Who we are and what we do.
Movantia (UK) Ltd is a consumer credit broker and packager of commercial loans. We act with your financial adviser, who may provide us with your personal data to effect an application for a loan.
We, as Data Controllers and Processor, have responsibilities under Data Protection Act 2018 to inform you of the data we collect, why we collect it, how we process it and with whom it will be shared.
Your rights are set out in this Privacy Notice, you may access a copy from our website at anytime or request a copy by contacting our office;
Email: info@movantia.uk
Post: Data Protection Representative, Ground Floor, Office 1, 2 Holland Road West, Birmingham, B6 4DWG
Tel: 0333 880 4405
Where we provide advice to you, we will need to collect details on your income and expenditure, assets and liabilities, including details of any loans you have outstanding (both mortgage and personal lending). We will need to obtain a copy of your credit and repayment history.
This data will be passed to the chosen lender. If you cancel your application the data will be held by us for 6 years.
In any instance where Movantia (UK) Ltd acts as packager of your application, Movantia (UK) Ltd will source a number of loan options for you, based on the information provided by you or your adviser and once they recommend a specific product we will collect all information that is required by the lender to complete drawdown of the required funds.
The company is also registered with the Information Commissioners Office (ICO) as a Data Controller. The firm’s registration number with the ICO is: ZA812344 and further details can be obtained from the ICO’s register on their website.
What data we collect and why.
We will only collect such data that is needed to process your loan application and check your affordability . This includes:
• Your name
• Your current and previous address(es)
• Your date of birth
• Details on your financial profile including your income and expenditure
• Your identification documents (e.g. copies of passport or drivers licence)
• Other relevant details required to establish your identity
Other relevant information pertinent to the application for a loan as may be required by the lender
Details that we will never require from you include:
• Your religious views
• Your political views
• Your sexual orientation
• Your medical history
• Your trade union memberships
Under Data Protection laws we must have a legal basis for the collection of your data. This means that there must be a specific reason for us to request your data. Movantia (UK) Ltd collects data for the maintenance of a contract for a loan application and for the preparation of entry into this contract. The information is used and processed in order for us to provide you with advice and to submit to lenders for their underwriting of your application.
Sources of information
All initial data that we gather about you will be provided by your financial adviser or broker acting under your instruction with your given consent. If you provide us with sensitive data about any health issues or vulnerabilities, we will ask for express permission to store and share that information with the prospective lender.
Using that data, we will obtain further data from those external companies who maintain data on your credit
Credit history (i.e. CRAs) and Fraud Prevention Agencies as well as the Land Registry.
With whom do we share your data
Your data will be shared with other, external data processors to assist us in providing you with finance. These include:
Lenders
Credit Reference Agencies (CRAs)
Fraud Prevention Agencies
The Financial Conduct Authority
Statutory Bodies on their lawful request, e.g. NCA, police forces
Mortgage Lenders
In order to provide you with finance, Movantia (UK) Ltd will pass your details to lenders in order that they can assess your application to provide the loan funds. The chosen lender who commences the underwriting of your application will then act as a separate Data Controller and will provide you with a copy of their Privacy Notice detailing how they use your data. They may also require further information to process the application which they will ask us to gather and submit to them.
CRAs
CRAs maintain credit profile data on consumers within the United Kingdom. As part of the application process, your details will be shared with CRAs in order that we can view your credit history and profile. This provides details on loans, credit accounts, personal finance and utilities that you maintain or have maintained displaying how you have managed their repayments. While this informs our decision on providing you with finance, this is not the sole criteria for our decision.
Further details on CRAs and how they use your information can be obtained directly from the CRAs via
Equifax’s website:
The FCA and other Statutory Bodies
Where the firm is regulated, we have an obligation to report certain personal data to the FCA, a statutory body set up under legislation. We have further requirements, where requested by other statutory bodies, such as the National Crime Agency, police forces, the Serious Fraud Office, etc. to provide specified personal data on their lawful request for information. This is done on a confidential basis and, through legislation, you will not be entitled to be informed of when this transfer of data has occurred. Details of what data we have submitted to these entities are also exempt from disclosure under a Subject Access Request.
Your Rights
Data Protection legislation provides you with express rights which include:
-
Your right to object or request erasure of the data we hold
-
You may object to Movantia holding or processing your personal data and/or request that we remove this data from our storage and if you have not commenced a loan application we will suspend your data . Please be advised, however, that should you request that this takes place before a loan completes then we will be unable to provide you with advice or complete the loan application. Please contact the firm’s Data Protection Representative for further details or to exercise your rights.
Your right to correct your data
Where you or we become aware of an error in the data that Movantia UK Ltd controls, processes or holds, you have a right to have that data corrected. You can inform our Data Protection Representative of any errors that need to be corrected.
Your right to a copy of your data
You also have the right to request either the details of the data we hold on you or to request a copy of this. We are obliged to provide this to you within 30 days of receipt of your request. Please contact the firm’s Data Protection Representative to request this.
Your Right to Data Portability
You have the right to request that data which we hold is passed to another Data Controller for their use on your behalf via a “machine readable” format. This can be requested from the Data Protection Representative.
Your Right to Complain
You have a right to complain, via our Data Protection Representative, in regards to how and why we process,
or any errors we have made in the processing of, your data. Your complaint can also be made to the
Information Commissioners Office:
Post: ICO, Wycliffe House, Water Lane, Wilmslow, SK9 5AF
Telephone: 0303 123 111
Data Retention
Movantia (UK) Ltd will only retain your data for as long as is necessary. In all cases this will be for a period of 7 years from the drawdown of your loan facility and where your loan does not complete, from the time when the decision is made to refuse credit by the lender or where you decide not to proceed. We are obliged to retain your data for this period in order to meet our regulatory and legislative obligations.
Data Storage
All Data that Movantia (UK) Ltd collects is controlled and stored within the UK. We do not transfer data to any entity outside of the UK or the EEA. Where this does occur, we will inform you of the situation and seek your consent prior to the initiation of the transfer.