Check if you have been Mis-sold motor finance

Your lender or broker failed to tell you about commission being paid.

You were not given clear information about the finance product.

You were encouraged to take out a finance deal without being offered alternative options.

You paid higher interest rates due to undisclosed commissions.

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The Financial Conduct Authority (FCA) has confirmed that, under its proposed motor finance compensation scheme, most people are likely to receive less than £700 per agreement in compensation.

Here are some key points:

The scheme is being designed for motor finance agreements where borrowers may have been treated unfairly—particularly those with discretionary commission arrangements (DCAs) that were not properly disclosed.

The £700 estimate applies per finance agreement, not per person for multiple agreements.

This is only an estimate. The final amount any individual receives will depend on the specific details of their agreement and how unfairness or harm is assessed.

The FCA will set out more detail in a consultation scheduled for October 2025, with the first payments under the scheme expected in 2026.

Yes – you can raise a complaint directly with your lender or the Financial Ombudsman Service. However, many clients prefer using a solicitor to maximise their chances of success and ensure the process is handled professionally.

Experienced in motor finance litigation.

Client-focused, transparent service.

Regulated by the Solicitors Regulation Authority (SRA).

Clear updates at every stage of your claim.

We act on a No Win, No Fee basis, meaning you won’t pay any legal fees unless your claim is successful

Hollins Wood Solicitors operates on a no win, no fee basis, meaning you won’t pay anything upfront or if your claim is unsuccessful. If your claim is successful, our fees are deducted from the compensation awarded. our fees are capped in line with FCA guidance to ensure fairness. Below is a breakdown of our fee structure:

Band	Compensation Amount	Max fee percentage (%)	Max Fee (£)
1	1 - 1,499	30%	420
2	1,500 - 9,999	28%	2,500
3	10,000 - 24,999	25%	5,000
4	25,000 - 49,999	20%	7,500
5	50,000 or more	15%	10,000

Example Calculations:

If your compensation is £950.00, our maximum fee would be 30% (£285) including VAT

We are committed to complete transparency about our fees, ensuring you’re always informed. If you have any questions about how fees are calculated, please don’t hesitate to contact our team.

The only time you may be liable for costs is if you cancel your claim after the 14-day cooling-off period, without allowing us to continue the process. For more information please see our Cancellation Policy