PCP Refund Timelines 2026 How Long Do Car Finance Claims Take

Guide 7 October 2026

headshot of Shannon Smith O'Connell, Operations Director at  Reclaim247Shannon Smith O'Connell

PCP Refund Timelines in 2026: How Long Do Car Finance Claims Take?

Car finance claims can still progress in some areas, but the Upper Tribunal's partial suspension has interrupted the route to compensation. This October 2026 guide explains which stages can continue, why PCP refund dates are uncertain and what needs to happen before payments can begin.

Stellantis Car Finance Compensation Provision Rises to £221m

News 6 October 2026

headshot of Andrew Franks, expert in automotive and finance, and co-founder of Reclaim247Andrew Franks

Stellantis Car Finance Compensation Provision Rises to £221m

Stellantis Financial Services UK has increased its provision for potential motor finance redress from £37.1 million to £221.3 million. We explain what the latest accounts mean for Stellantis and PSA Finance claims, and why the provision does not guarantee individual compensation.

MotoNovo Car Finance Compensation Provision Rises to £220m

News 5 October 2026

headshot of Andrew Franks, expert in automotive and finance, and co-founder of Reclaim247Andrew Franks

MotoNovo Car Finance Compensation Provision Rises to £220m

MotoNovo Finance has set aside £220.3 million for potential motor finance redress after taking a £153.2 million charge for historic commissions. We explain what the latest figures and Aldermore's ongoing sale could mean for MotoNovo Finance claims.

Can You Claim Car Finance Compensation for Someone Who Has Died

Guide 2 October 2026

headshot of Chris Roy, Product and Marketing Director of Reclaim247Chris Roy

Can You Claim Car Finance Compensation for Someone Who Has Died?

Eligible car finance claims do not necessarily end when a customer dies. Find out how executors, personal representatives and beneficiaries can check old PCP and hire purchase agreements and pursue potential car finance compensation.

Close Brothers Car Finance Compensation Provision Rises to 320m

News 1 October 2026

headshot of Andrew Franks, expert in automotive and finance, and co-founder of Reclaim247Andrew Franks

Close Brothers Car Finance Compensation Provision Rises to £320m

Close Brothers has taken another £164.7 million charge for historic motor finance commissions, bringing its total provision to around £320 million. We explain what the latest results mean for Close Brothers car finance claims and why the provision does not guarantee individual compensation payments.

Lender Not Acknowledged Your PCP Complaint What to Do in 2026

Guide 30 September 2026

headshot of Chris Roy, Product and Marketing Director of Reclaim247Chris Roy

What to Do If Your Lender Does Not Acknowledge Your PCP Complaint

If your lender has not acknowledged your PCP claim, it does not automatically mean your complaint has been rejected. This updated guide explains how to confirm your complaint was received, when to follow up, what to do if you cannot find an old agreement, and how the FCA scheme’s legal challenges and partial suspension affect car finance claims in 2026.

UK Car Finance Market Splits as Used Car Lending Falls

News 29 September 2026

headshot of Andrew Franks, expert in automotive and finance, and co-founder of Reclaim247Andrew Franks

UK Car Finance Market Splits as New Car Lending Rises but Used Finance Falls

UK consumer car finance volumes fell slightly in July 2026, but the headline figure masks a widening divide in the market. New car finance grew by 10% while used car finance volumes fell by 7%, although overall activity remains higher for the year to date.

How to Recover Old PCP or HP Paperwork After a Dealer Closes

Guide 28 September 2026

headshot of Shannon Smith O'Connell, Operations Director at  Reclaim247Shannon Smith O'Connell

How to Recover Old PCP or HP Paperwork If the Dealer Has Closed

If your dealership has closed and your old PCP or HP paperwork is missing, you may still be able to trace the finance agreement. This updated guide explains how to use lender records, bank statements, Experian, TransUnion and Equifax, plus car finance refund checks and PCP claim services, while covering the latest FCA legal challenges and delays affecting claims in 2026.

Millions Could Claim Share of 56m Car Delivery Compensation

News 25 September 2026

headshot of Andrew Franks, expert in automotive and finance, and co-founder of Reclaim247Andrew Franks

Millions of UK Drivers Could Claim Share of £56m Car Delivery Compensation

Millions of UK motorists and businesses could receive a share of almost £56 million after compensation was approved over inflated new car delivery charges. Find out which vehicles could qualify, how much drivers may receive and how the scheme works.

BMW Sets Aside £611.6m for Car Finance Compensation

News 23 September 2026

headshot of Andrew Franks, expert in automotive and finance, and co-founder of Reclaim247Andrew Franks

BMW Sets Aside £611.6m for Car Finance Compensation as UK Finance Arm Posts Loss

BMW's UK finance arm has increased its motor finance compensation provision to £611.6 million and reported a £139.3 million pre-tax loss. We explain what the figures mean for BMW car finance claims and why the provision is not a confirmed customer payout.

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3 The FCA currently estimates that most individuals could receive an average of £829 in compensation per agreement. We find an average of 2 car finance agreements per client, giving a potential total claim value of £1,658.