Santander
Santander UK is implicated in the car finance mis-selling scandal, involving discretionary commission arrangements (DCAs) that let dealers set higher interest rates, increasing their commissions without properly informing customers.
BACKGROUND
In response to the potential liabilities arising from these practices, Santander UK has set aside £295 million to cover compensation claims related to car finance mis-selling. This provision was announced alongside the bank's third-quarter results in November 2024, which were delayed due to the implications of a Court of Appeal ruling that expanded the scope of misconduct to include any non-disclosed commission.
WHAT WE COVER
We specialise in reclaiming funds from car finance agreements that may include:
HIDDEN CHARGES
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EXCESSIVE INTEREST RATES
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Mis-sold agreements
Our streamlined process ensures that our clients can reclaim their money quickly and hassle-free.
LATEST NEWS
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