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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

More than 23m Britons think they may be due compensation for mis-sold car loans, UK poll finds

An aerial shot of cars on a dealership forecourt
Lenders including Santander UK, Close Brothers, Barclays and Lloyds are potentially on the hook for up to £44bn, according to some analysts. Photograph: Christopher Furlong/Getty Images

More than 23 million people believe they could be due compensation for a mis-sold car loan, according to a poll before this month’s supreme court decision.

Borrowers, banks and the government are anxiously awaiting the ruling, which could trigger one of the biggest redress schemes since the £50bn payment protection insurance (PPI). The PPI saga forced UK banks to compensate people who had bought often worthless insurance cover.

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