The UK Supreme Court has decided to grant permission to appeal in the case of Johnson v. FirstRand Bank Ltd. This landmark case, which centres on allegations of mis-sold motor finance agreements, is poised to redefine consumer protection and financial accountability in the motor finance industry.
At the heart of the dispute is an allegation that FirstRand Bank Ltd engaged in the mis-selling of motor finance agreements to consumers, namely failing to adequately inform customers about the terms of the agreement, including hidden costs, unfavourable interest rates, or the financial risks associated with the loan. Such practices can leave consumers trapped in unfavourable contracts with significant financial repercussions.
In the case of Johnson, the claimant has argued that the bank breached its duty of care by not providing clear and transparent information about the motor finance agreement. After unfavourable rulings in lower courts, the Supreme Court’s decision to hear the appeal represents a crucial opportunity to address broader systemic issues in the industry.
Many consumers have been waiting years for their claims to be resolved. Bott and Co welcomes the opportunity for the Supreme Court to finally provide definitive guidance on how these claims should be resolved.
Bott and Co will continue to monitor these developments closely and take every step necessary to secure the best possible outcome for our clients.
Haven’t submitted your claim yet? Just add a few details to our mis sold car finance claims checker. We’ll find your car finance agreements and tell you if you can claim and how much you might receive. We’ll guide you through the process of recovering what you’re entitled to.