If you took out PCP or HP finance between 2007 and 2024, you could be owed compensation. The check takes 60 seconds - free, confidential, and reviewed by regulated solicitors.
Check my claim →Three short steps. No paperwork needed — we'll find your agreements for you. A regulated solicitor reviews your details within two working days.
Free, confidential, and reviewed by a regulated solicitor — not a call centre.
I had no idea I was even eligible. Submitted my details on a Sunday evening, heard back from a solicitor on Tuesday. Brilliant communication throughout — they did all the heavy lifting.
Other claims sites felt like marketing companies. Parker Kerrigan actually felt like real solicitors — because they are. Got my settlement in under five months and the whole process was clear.
What I appreciated most was the honesty. They told me upfront what to expect, what the fee would be, and didn't oversell. Settled for £2,140 across two old agreements I'd forgotten about.
No paperwork, no phone calls. Submit your details and a regulated solicitor reviews your case within two working days.
Give us your basic details such as name, address, DOB and we will conduct a soft search to find any agreements you may have that are in scope for the FCA redress scheme.
One of our fee earners checks the agreement against the law and confirms whether you have a viable claim.
We negotiate with the lender, register your claim under the FCA scheme.
No documents needed. We'll find your agreements for you.
Check my claim →If your finance was provided by any of these, your case is in scope. Don't see your lender? You may still be eligible — check in 60 seconds.
Most claim sites are middlemen who pass your file to a panel of solicitors for a referral fee. Parker Kerrigan is the law firm. We open your case, run it, and litigate it ourselves.
If you took out a PCP or HP car, van, motorhome, or motorbike finance agreement before October 2024 in England, Scotland or Wales and used the vehicle mainly for personal use, you may be eligible to claim:
If your claim is successful, we will charge:
There are no upfront costs. If you choose to cancel your claim with us after 14 days, we reserve the right to charge a cancellation fee of £75 + VAT per claim as a contribution to time spent and expenses incurred.
Parker Kerrigan is a London-based litigation firm recognised for its specialism in complex, large-scale group actions. By choosing Parker Kerrigan, you benefit from:
Certainty. Although the FCA's proposals require lenders to try to trace customers, there is no certainty your lender will locate you — particularly if you have moved, changed your name, or your agreement concluded more than six years ago. If no contact is made within 12 months of the start of the scheme, you will lose your chance to claim.
Speed. The FCA has stated that consumers who complain before the redress scheme commences are likely to receive redress sooner.
Less hassle. You do not need your old paperwork. We manage the entire process for you, using technology to identify your claims, submit them, make representations, and distribute compensation.
Verification & accountability. The proposed calculation methodology is complex. We can check the lenders' calculations and require disclosure of the underlying information to ensure you receive the correct redress.
Legal expertise. We have in-depth knowledge of the laws and regulations surrounding motor finance claims.
Stronger and alternative claims. If a lender denies wrongdoing or doesn't offer enough, we can challenge the decision — including arguing for a higher rate of compensatory interest, raising irresponsible lending claims, checking how interest was calculated, and seeking disclosure of commissions on insurances such as GAP, paint and alloy wheel insurance.
Risk-free. No upfront costs. Most clients pay 28–30% (plus VAT) of their compensation. It remains possible to claim yourself without charge.
Multiple claims. We can handle all your claims, even if you borrowed from multiple lenders, and even if some agreements date back as far as 2007.
The practices giving rise to motor finance claims were current between 2007 and 2021 (in the case of discretionary commissions — banned by the FCA in January 2021 after a review begun in 2016) and up to October 2024 (in the case of very high undisclosed fixed commissions and undisclosed tied commercial relationships).
In January 2024 the FCA announced it was considering a redress scheme. As a result, complaints have been paused and many consumers are now coming forward. The FCA is now consulting on its scheme. The consultation closes on 18 November 2025, and all parties expect the scheme to be in place by early 2026.
At this stage it is hard to estimate what claims may be worth, and we stress that not all claims will automatically succeed. Claims will turn on their own facts.
If you are entitled to compensation, the FCA expects consumers to receive an average of £829 (inclusive of interest), with many customers receiving more and a large number less. Given the popularity of PCP / HP agreements, and since the claim period goes back to 2007, many clients will have more than one claim.
In 2017 the FCA's evidence drawn from 16,000 contracts found the average overcharge as a consequence of Discretionary Commission Arrangements was £1,100 on a £10,000 loan. Factors affecting the value of your claim include the rate of interest payable, the date of your contract and the size of your loan. Some of the proportionally highest commissions were charged on relatively small loans — there isn't always a direct relationship between contract value and claim size.
Some lenders motivated dealers to increase your interest rate to earn commission — without telling you. These undisclosed arrangements (Discretionary Commission Arrangements / Difference-in-Charge commissions) were banned by the FCA in January 2021. If you were affected, you are likely to be entitled to compensation.
Other lenders paid excessively high fixed commissions — the FCA has decided redress is payable where commission was equal to or greater than 35% of the total cost of credit and 10% of the loan. Others had tied commercial relationships with dealerships giving them exclusivity or a right of first refusal. This practice also led to consumer detriment.
Duration varies. The FCA has imposed a 'pause' meaning lenders are not required to issue final responses to complaints until December 2025 (the FCA is consulting to extend that to 31 July 2026). Once the redress scheme is in place (expected early 2026), lenders are expected to contact non-complainants within 6 months and complainants within 3 months.
Complaints are expected to be resolved within 3 months of agreement to be subject to the scheme; if eligible, payment should be made within 1 month. We caveat that early-days delays are likely while administrative processes are tested. Complex cases will take longer.
'Mis-selling' is something of a misnomer. These claims arise from hidden commissions that made motor finance more expensive than it should have been. The hidden nature of the commissions means you cannot know if you have a valid claim without first obtaining disclosure of what commissions, if any, your dealership received from your lender.
You may have a valid claim if your interest rate was higher than necessary; the dealer or broker earned a commission but did not disclose it; you were charged a high commission (35%+ of the total cost of credit and 10% of the loan); or there were contractual ties giving a lender exclusivity or right of first refusal.
As part of instructing us, we will write to your lender and make enquiries as to the full circumstances of your agreement.
Yes — if you do nothing, you may be contacted by your lender, or you can proactively claim using free template letters from sites like Resolver and MoneySavingExpert, or by following the FCA's guidance.
However, claims could become complex if: you've had multiple agreements; your lender cannot trace you; you no longer have your paperwork; the lender refuses to disclose full commission details or denies the claim; or you don't trust lenders to lead a redress process fairly when they acted against your interests in the first place.
Choosing Parker Kerrigan means you're backed by a team of financial claims experts who manage the whole process — from verifying eligibility to challenging lenders — so you don't have to.
If you need assistance, our team is here to help. Contact us via info@parkerkerrigan.co.uk or call us on 0203 070 2822 and one of our team will be in touch.
Free. Confidential. Reviewed by a solicitor - not a call centre.