Woodsford funds car finance claims

Woodsford is funding a collective action filed at the Competition Appeal Tribunal against Santander UK, Black Horse, which is part of Lloyds Banking Group, and Motonovo Finance.

The claim alleges that between 2015 and 2021, consumers buying second-hand cars were unknowingly charged higher interest rates “due to a network of anti-competitive agreements between providers of motor finance and automotive dealers”, where car dealers were given greater commission in return for getting customers to agree to finance deals that charged a higher rate of interest.

Scott+Scott is representing the class.