# Santander has agreed to a redress scheme that will give motorists payouts of around £829 each.

*business · news · 2026-04-27 · Birmingham Live*

## Key points

- Santander will pay motorists about £829 each as part of a mis-selling redress scheme.
- Around 12.1 million mis-sold car finance deals are included in the FCA redress initiative.
- The FCA estimates total redress paid will be approximately £7.5 billion across affected motorists.
- Payments can start immediately, with priority for those who have already complained.

**Companies:** Santander
**Countries:** United Kingdom

[Read the full story on Birmingham Live](https://www.birminghammail.co.uk/news/money/santander-agrees-redress-scheme-giving-33842749)

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