News 30 October 2026 |  | Andrew Franks |
Santander Sets Aside £616m for Car Finance Compensation as Profits Fall 6%
Santander UK's profits fell 6% in the first nine months of 2026, with £616 million remaining in its provision for historic motor finance commission claims. The bank has chosen to prepare for the FCA compensation scheme rather than challenge it, but customers still face uncertainty over payment dates as the Upper Tribunal hearing approaches.
Guide 29 October 2026 |  | Chris Roy |
Why Could Two Motorists Receive Different Car Finance Compensation Amounts?
The FCA's compensation calculations face legal scrutiny as economic experts prepare evidence for the Upper Tribunal hearing from 16 February to 3 March 2027. Find out why motorists could receive different refunds.
News 28 October 2026 | | Andrew Franks |
Black Horse and Close Brothers Seek Supreme Court Appeal Over Thousands of Car Finance Claims
Black Horse and Close Brothers have applied to the Supreme Court to challenge a ruling allowing thousands of car finance claims to proceed together. The court has yet to decide whether to hear the appeal.
News 27 October 2026 | | Andrew Franks |
Car Finance Compensation Delays Continue as Tribunal Extends Hearing to March 2027
The Upper Tribunal has extended the hearing into legal challenges against the FCA's motor finance compensation scheme to 3 March 2027. New directions also set deadlines for expert evidence and disclosure, while compensation payments remain on hold.
Guide 26 October 2026 |  | Shannon Smith O'Connell |
Can't find your old car finance agreements? How to trace them in 2026
Lost your car finance paperwork or forgotten your lender? Discover how to find old car finance agreements using credit reports, bank records and tracing services. This October 2026 guide also covers the FCA's partial suspension, legal challenges and confirmed February 2027 Upper Tribunal hearing.
News 23 October 2026 | | Andrew Franks |
Update on FCA car finance claims: lenders told how to deal with lost records and unpaid commission
The FCA has published further guidance on how lenders should assess historic car finance claims, including agreements with missing records or unpaid commission. The 19 October update clarifies lender responsibilities while compensation payments remain affected by ongoing legal challenges.
News 22 October 2026 | | Andrew Franks |
Major Law Firm Calls for Ban on Car Finance Claims Adverts Amid Duplicate Complaint Concerns
A leading UK law firm has proposed a temporary ban on car finance claims advertising after concerns emerged over motorists signing up with multiple representatives. The FCA and SRA are already working on measures to tackle duplicate claims and potentially unfair termination fees.
Guide 19 October 2026 | | Shannon Smith O'Connell |
How Long Do Car Finance Claims Take? October 2026 Update on FCA Delays and Compensation
Car finance claims face further delays following legal challenges to the FCA's compensation scheme. With the Upper Tribunal hearing confirmed for February 2027, find out what the partial suspension means for motorists, whether you can still make a claim and when car finance compensation payments could begin.
News 15 October 2026 | | Chris Roy |
Startline Motor Finance Faces Potential Sale Amid UK Car Finance Compensation Uncertainty
Startline Motor Finance could be heading for a change of ownership after reports that its US owner has appointed advisers to manage a potential sale. The development comes amid uncertainty over the FCA's car finance compensation scheme, with Startline having previously recognised a £28.2 million redress charge.
News 14 October 2026 | | Andrew Franks |
FCA Car Finance Compensation Hearing Confirmed for February 2027 as Tribunal Orders Further Evidence
The FCA has confirmed that legal challenges to its car finance compensation scheme will be heard in February 2027. The Upper Tribunal has also ordered further disclosure and expert evidence, leaving compensation payments on hold.