Close Brothers Car Finance Claims
Check your car finance claim eligibility in as little as 60 seconds. On average we find 2 car finance agreements per client, giving a potential claim value of £1658**
Check in as little as 60 seconds
Average of £829** per agreement
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You can claim without using a claims management company, to your finance provider and then to Financial Ombudsman Service (FOS), for free. The FCA has introduced a free consumer redress scheme.
**The FCA currently estimates that most individuals will potentially receive an average of £829 in compensation per agreement. We find on average 2 car finance agreements per client, giving a potential claim value of £1,658. See: https://www.fca.org.uk/news/statements/fca-confirms-motor-finance-redress-scheme
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Could your Close Brothers Car Finance have been mis-sold?
Some agreements included commission setups that weren't always made clear at the time. If you had a PCP or HP agreement between April 2007 and November 2024, you may have been affected by one of the following:
Discretionary Commission Arrangements (DCAs)
The interest rate could be increased, and that increase could boost dealer commissions.
Unfairly High Commission Charges
The commission paid may have been disproportionate to the finance agreement.
Contractually Tied Arrangements
The broker may have been tied to one lender, rather than comparing options fairly.
Close Brothers Motor Finance Car Finance Claims: Mis-Sold PCP & HP Compensation
Reviewed by Mis-sold Expert | Last reviewed: 08/07/2026
Close Brothers Motor Finance is one of the UK's established independent motor finance providers, working through a broad dealership network across new and used vehicle finance. Close Brothers has already set aside a significant sum specifically in anticipation of motor finance redress costs, reflecting the scale of its lending activity under review.
Is Close Brothers under review for mis-sold car finance?
Yes. Close Brothers has publicly provisioned approximately £300 million against expected motor finance redress costs, one of the larger individual provisions announced by an independent lender, reflecting how significant its exposure to the FCA's review is expected to be.
Signs your Close Brothers agreement may have been mis-sold
- You weren't told the dealership received commission for arranging finance through Close Brothers
- Your interest rate seems high relative to comparable agreements from the same period
- You weren't offered a choice between different finance providers
- Fees or charges only became apparent after you'd signed
- Your ability to afford the repayments wasn't properly checked against your actual income
How much compensation could I get from a Close Brothers claim?
Given the scale of Close Brothers' provision, compensation structures are likely to follow the broader FCA scheme framework, typically a refund of interest affected by undisclosed commission, plus statutory interest. Individual amounts vary based on your specific agreement.
See Close Brothers sets aside £300m for the latest on the scale of provisions being made.
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FAQs about Close Brothers Car Finance claims
The answers you need about the claims process, fees, and more.
Close Brothers has provisioned approximately £300 million specifically against anticipated motor finance redress, reflecting the scale and duration of its lending activity in this space.
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