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Evening Standard
Evening Standard
Business
Pol Allingham

Santander agrees to pay compensation on mis-sold car loans

Santander FCA the Financial Conduct Authority
Payouts are due on about 12.1 million mis-sold deals from an array of lenders (Mike Egerton/PA) - (PA Archive)

Santander has agreed to pay compensation for its portion of unfair motor finance deals.

Payouts are due on about 12.1 million mis-sold deals from an array of lenders at an average of £829 each, the financial watchdog said in March as it unveiled plans for its redress scheme.

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