- Pictured: Laura Brown, wife of Mortgage Brain CFO Alastair Brown, with the Hyundai Ioniq 5 acquired under the Fleet Alliance salary sacrifice scheme
A Worcestershire-based mortgage solutions provider, Mortgage Brain, has introduced an electric car salary sacrifice scheme from Fleet Alliance.
The nationwide provider, with an HQ in Bromsgrove but with offices in London, Croydon and Ipswich, is jointly owned by banking companies Barclays, Lloyds Bank, Nationwide, NatWest and Santander. It has been supplying mortgage technology for almost 40 years.
In addition to its mortgage business, Mortgage Brain also has a London-based events and media business called AE3 Media.
In total Mortgage Brain has 100 employees, who will all benefit from the Fleet Alliance EV salary sacrifice scheme. It replaces the company’s previous mileage allowance system.
With a wide choice of electric cars available, both new and used, models from BYD, Jaecoo, Tesla, Porsche, Hyundai and BMW are amongst those selected by employees to date.
“We are running at about 10% take-up but expect that to go to 20% quite quickly. And we have been nothing but impressed since engaging Fleet Alliance to provide a salary sacrifice EV benefit to our employees for the first time.”
He added that Fleet Alliance had assisted in helping explain fully the tax implications of the salary sacrifice scheme, configured the set up and created all launch comms and a launch event.
Alastair said that he had also personally bought into the scheme. “With the help of Fleet Alliance, we now have a new Hyundai Ioniq 5 that all of the family love. So much more space, a fun drive and we even managed to put our personal registration on it, too.
“To cope with home charging, we have now installed the Pod Point charger through the scheme so are benefiting from big savings on all of our driving.
“And my CEO has just taken delivery of a Porsche Taycan through the scheme, admitting that this is not a car he would even dreamed of driving before the scheme was introduced,” he added.
BIK benefits and ETI baked into the scheme
Employees have been encouraged to participate in the scheme with presentations from Fleet Alliance account managers providing information about the low rates of Benefit-in-Kind taxation for vehicles with zero emissions. And they have been given peace of mind by early termination insurance which is built into the monthly lease rates.
The cars are managed through Fleet Alliance’s proprietary cloud-based fleet management and reporting platform, e-Fleet, which helps manage every aspect of the fleet in real time, regardless of funder or fleet provider.
Drivers can use e-Fleet to research, compare and order their next vehicle directly from an associated app, and can source vehicles specific to their current grade or salary bracket while checking specification, Benefit-in-Kind and whole life cost.
The platform also provides convenient and accurate mileage recording to allow the close monitoring of mileages and to keep up with all servicing requirements.
“We have found the portal very easy to navigate for employees of all job descriptions – be they IT engineers, business analysts or sales people – with clear details of the impact on their salaries and tax situation.
“We have also been able to flex the scheme to allow used EVs which is great for commission-based employees who, because of National Living Wage restrictions, might not have been able to participate otherwise,” he said.
Fleet Alliance CEO, Andy Bruce, added that the EV salary sacrifice scheme was suitable for businesses of all sizes, providing a greater choice of vehicle for employees at more attractive rates, as well as helping meet environmental goals for the business.
“Our scheme is a great way to offer an electric car at no extra cost to businesses of all sizes, from the largest corporation to the smallest SME. It’s the perfect way of introducing a corporate car scheme for the first time.
“From an environmental perspective, it encourages staff to make the transition to electric cars and helps reduce the corporate carbon footprint while assisting the business in meeting its ESG agenda.
“Rentals are kept as low as possible by the use of competitive tendering and a panel of up to eight lenders, a real bonus at a time of escalating costs in many areas,” he added.
Predictive maintenance crucial to van OEMs as uptime becomes critical fleet selling point
Predictive maintenance through fleet telematics is becoming a critical factor for van OEMs and leasing brokers selling to fleets
News in Brief: Vanaways first employee is 10; BVRLA new logo; Used EV market
Monday 18 May News in Brief: Mollie Potter celebrates 10 years at Vanaways; New BVRLA logo to use; Bumper used EV market
Changan takes top spot for test drives at Fleet Procure Live!
Changan’s new SUV was the most driven car at Fleet Procure Live!, more than 900 people attending the ride and drive event
Solutions to pressure on vehicle logistics and storage discussed at May’s VRA meeting
Answers to the high levels of demand placed on the vehicle logistics and storage sector were discussed at the VRA
Partridge of Hampshire wins Sustainability Award
Car retailer Partridge of Hampshire has been named winner of The Sustainability Award at the AM Awards, 14th May 2026
Broker News Newsletter 12 May 2026
Catch up on the latest leasing broker news in the 12 May 2026 Broker News newsletter
Ralph Morton is the leading journalist in the leasing broker sector and editor of Broker News, the website which provides information and news for BVRLA-registered leasing brokers. He also writes extensively on the fleet and leasing market in both the UK and Europe.
