# Santander has confirmed it will participate in the Financial Conduct Authority’s (FCA) redress scheme for mis-sold motor finance.

*business · news · 2026-04-27 · Daily Express*

## Key points

- Santander will pay customers £829 compensation as part of the FCA's mis-sold motor finance scheme.
- The scheme covers motor finance agreements from April 6, 2007, to November 1, 2024.
- About 12.1 million mis-sold deals could yield an estimated £7.5 billion in total compensation.
- Eligibility criteria were tightened, and roughly one-third of cases will be capped to prevent overcompensation.
- Santander chose not to contest the scheme, prioritising clarity for customers and stakeholders.

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

[Read the full story on Daily Express](https://www.express.co.uk/finance/personalfinance/2198797/santander-car-loan-compensation-scheme)

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