Top Mis-Sold PCP Car Finance Legal Providers in the UK

Do you think you were mis-sold on your PCP or HP finance agreement? Recent court rulings mean motorists may be able to make a PCP claim for unfair sales commission and unfair interest rates. Check if you qualify to make a PCP claim in minutes; You can reclaim for current and past vehicles; Millions of motorists have been mis-sold: https://pcpclaim-uk.co.uk/

If you’ve been mis-sold car finance in the UK such as through a mis-sold PCP contract, you have options for reclaiming your money. Several leading legal providers specialise in handling these claims, ensuring you get the compensation you’re entitled to. Below, we’ve highlighted some of the top legal firms and services that can assist you in your mis-sold car finance claim:-

1. Bott and Co

Bott and Co are one of the UK’s most successful firms in handling mis-sold car finance claims, boasting a win rate of over 90% since January 2022. On average, their clients receive payouts exceeding £1,600, making them a reliable choice if you suspect you’ve been mis-sold.

2. Reclaim247

Reclaim247 is dedicated to assisting clients in reclaiming compensation for mis-sold car finance agreements. With a team of experienced professionals, they provide clear, step-by-step guidance to ensure the claims process is seamless and stress-free. Reclaim247’s commitment to transparency and customer satisfaction ensures you receive the support and expertise needed to achieve the best possible outcome.

3. Courmacs Legal

Courmacs Legal focuses on civil litigation, including mis-sold car finance claims. They offer a straightforward PCP claim form and provide callbacks to give you the advice you need or to start your claim. Their expertise ensures that your claim is handled efficiently and effectively.

4. Slater + Gordon

Slater + Gordon simplifies the process of determining your eligibility for a claim. If you qualify, they will take on negotiations with your lender, aiming to secure the best possible outcome for you.

5. LawPlus Solicitors

LawPlus Solicitors provide a free, no-obligation car finance check, positioning themselves as a strong advocate for consumers who may have been mis-sold. They suggest that car finance mis-selling could be as significant as the PPI scandal, highlighting the importance of checking your agreement.

6. Setfords Solicitors

Setfords Solicitors bring experienced lawyers who are well-versed in finance regulations. They are prepared to take cases to court if necessary to ensure the best result for their clients.

7. ClaimExperts

ClaimExperts stress the importance of transparency in car finance agreements. They highlight that both the finance provider and the broker may be liable if the commission structure was not disclosed at the point of sale, potentially strengthening your claim.

8. Get Your Own Refund

For those who prefer a DIY approach, Get Your Own Refund offers a professional claim generator service. With a one-off fee, this service allows you to keep 100% of your refund if successful, providing a cost-effective solution for reclaiming mis-sold car finance.

Why Pursue a Mis-Sold Car Finance Claim?

Mis-sold car finance agreements can lead to substantial financial compensation, with the average claim often reaching over £5,000. Additionally, you can claim 8% interest on the payments from the date they were made until settlement. Whether you choose to go directly to your lender, use the Financial Ombudsman Service, or engage a solicitor on a “no win, no fee” basis, it’s important to take action if you believe you’ve been mis-sold.

With ongoing investigations into the practices of major finance companies, now is the time to check your agreement and seek expert legal advice.

Compensation and Process Details

Average Compensation: The average payout for mis-sold car finance claims can be substantial, with figures often around £5,318.25.
Timeframes: If liability is clear, you might receive compensation within months. Disputed claims can take 12-18 months.
Interest: On top of the refund, you can claim 8% interest per year on payments from the date they were made until the settlement date.

Mis-selling Grounds

Mis-selling may have occurred if:

The dealership did not inform you of commission arrangements.
You entered into a discretionary commission arrangement unknowingly.
You were overcharged due to hidden fees or unclear terms.

DIY or Professional Assistance?

You can either:

Approach your lender directly.
Use the Financial Ombudsman Service (FOS).
Engage a solicitor, usually on a “no win, no fee” basis, meaning no financial risk.

Important Considerations

Regulation and Compliance: The Financial Conduct Authority (FCA) suggests that 40% of finance agreements might have had undisclosed commission arrangements.
Investigation: Major investigations are ongoing, potentially affecting customers of major finance companies like Barclays Partner Finance, Blackhorse, and Santander.

If you suspect you have been affected, it’s advisable to explore these options and possibly start a claim.