Important Mis-Sold Car Finance Client Updates
Bott and Co understand many of our clients are eager for updates regarding mis-sold car finance claims. At present, the financial regulators and legislators are in the process of deciding how these claims will be handled.
We appreciate that this may be frustrating and want to reassure you that we are closely monitoring developments. As soon as the final decisions are made and the process for handling claims is confirmed, we will contact you immediately with the next steps.
In the meantime we will share the key developments below. Please check back to this page for further updates.
Mis-sold Car Finance Updates
| Date | Significant Development |
|---|---|
| 3rd July | Latest Update: The Supreme Court has advised to expect the judgment by September |
| 1st July | The Court of Appeal has adjourned the FOS Judicial Review appeal. We’ll have to wait until at least September. |
| 30th June | The Supreme Court has advised that the judgment may no longer be ready for July. |
| 6th June | FCA published its intended redress scheme framework, outlining opt‑in vs. opt‑out options; however, full detail awaits the Supreme Court outcome. |
| 1st – 3rd April | Supreme Court hearing took place, reviewing Close Brothers and MotoNovo appeals. |
| 12th March | FCA confirmed that it will consult on a redress scheme and will announce the next steps for complaints six weeks after the Supreme Court hearing decision is announced. |