All the updated news related to car finance

All the news related to car finance updated in real time

Found 35

forcar finance

Order by:

Personal Finance

Some homeowners ‘could save thousands of pounds by switching mortgage’

Some mortgage borrowers may find they could save around £3,500 over two years by moving off a standard variable rate (SVR) onto a new deal, research suggests. Working with L&C Mortgages, Experian calculated that some homeowners may be able to save ...

20 Sept 2022 at 11:41

City

What has happened in the car finance market and will customers be compensated?

Lloyds has become the first UK bank to set aside hundreds of millions of pounds in case it has to compensate car finance customers, amid a major investigation into whether people overpaid on their loans. The banking group revealed a provision ...

23 Feb 2024 at 10:19

Personal Finance

Car finance firms ‘facing headache’ over potential compensation claims

Millions of claims could be lodged by drivers who may have overpaid on their car finance, as the emerging issue has the potential to be “on par” with the PPI scandal, a consumer compensation expert has said. The UK’s financial regulator is ...

02 Apr 2024 at 09:04

Personal Finance

Martin Lewis says 262,500 emails sent after car finance complaint tool launched

More than a quarter of a million complaint emails have been sent after just one day of a free motor finance reclaim tool going live, consumer champion Martin Lewis has said. Writing on X, formerly Twitter, Mr Lewis said: “Car finance ...

08 Feb 2024 at 12:16

City

Firms must hold back funds for motor finance probe, warns regulator

The UK’s financial regulator has warned motor finance firms to hold back cash as it continues an investigation into the sector. The Financial Conduct Authority (FCA) also revealed that many firms “are struggling to promptly provide ...

12 Apr 2024 at 08:20

City

Close Brothers reveals plans to bolster finances by £400m amid car finance probe

Close Brothers Group has revealed plans to bolster its finances by £400 million and cut costs as it prepares for the impact of a major investigation into car finance mis-selling practices. The banking group, which owns a motor ...

19 Mar 2024 at 12:04

City

Santander UK delays publishing earnings after major car finance court ruling

Santander’s UK division has delayed the publication of its latest financial results to consider the impact of a major court decision on car finance commission. The delayed announcement comes as the wider Madrid-based bank ...

30 Oct 2024 at 09:43

City

Santander bank cutting more than 1,400 UK jobs

Santander is cutting more than 1,400 jobs across its UK business this year amid ongoing efforts to reduce costs. The Spanish bank’s chief executive officer Hector Grisi confirmed the significant cuts as its UK division ...

30 Oct 2024 at 09:50

City

Lloyds sets aside £1.2bn for car finance saga as profits slide by a fifth

Lloyds has revealed it has set aside £1.2 billion to cover potential compensation costs for motor finance commission arrangements, as the bank’s annual profit slid by a fifth. An additional £700 million provision ...

20 Feb 2025 at 14:33

City

Santander sees more than 2,000 jobs go in ongoing overhaul as profit dips

Santander UK revealed more than 2,000 roles have been cut amid an ongoing cost-saving overhaul as it reported a drop in half-year profits. The high street lender – whose Spanish parent recently announced a £2.65 ...

30 Jul 2025 at 08:31

City

Santander axes 2,000 jobs and warns more cuts are possible

High street lender Santander UK revealed it has axed over 2,000 jobs and warned more roles may need to be cut as part of an ongoing overhaul. Mike Regnier, chief executive of Santander in the UK, said the ...

30 Jul 2025 at 12:06

Car finance: What is the court case about and what does it mean for me?

The UK’s Supreme Court will give a long-waited judgment in relation to the car finance commission saga on Friday. It is set to bring clarity over how the law should be applied to motor finance ...

01 Aug 2025 at 00:03

Years
2026

Iconic Media is Ireland's largest independently owned regional newspaper and media group, with an unrivalled audience in print, online and mobile. We have 19 regional newspapers and 21 digital sites.

Iconic Digital Titles

Iconic Print Titles

Letterkenny Live

This publication supports the work of the Press Council of Ireland and Office of the Press Ombudsman, and our staff operate within the Code of Practice of the Press Council. You can obtain a copy of the Code, or contact the Council, at www.presscouncil.ie, Lo-call 1800 208 080 or email: info@presscouncil.ie.