Since 6 April 2007, Close Brothers Motor Finance has been providing car finance to residents in Warwickshire. The Financial Conduct Authority (FCA) estimated that 12.1 million eligible agreements (FCA, March 2026) across the UK may have issues related to a discretionary commission arrangement (DCA), potentially affecting thousands of individuals in Warwickshire alone. With an estimated population of approximately 588,000 people in Warwickshire (ONS Census 2021), many residents could be impacted by these car finance agreements made with Close Brothers Motor Finance.
Close Brothers Motor Finance Finance Agreements in Warwickshire
Warwickshire is home to a significant number of individuals who have entered into car finance agreements with Close Brothers Motor Finance. According to the FCA, an estimated 55,566 residents may be affected by issues related to DCAs (FCA estimate). These agreements cover various types of vehicles, including cars, vans, and motorcycles. The total amount involved in these problematic car finance agreements across the UK is approximately £7.5 billion (FCA, March 2026), with an average claim value estimated at around £829 (FCA estimate).
How to Complain to Close Brothers Motor Finance from Warwickshire
Residents of Warwickshire who believe they have been affected by issues related to DCAs can complain directly to Close Brothers Motor Finance without the need for a claims management company. The process is straightforward and free; you do not need to engage any third-party services to initiate your complaint. To start, visit the dedicated complaints page at https://www.closemotorfinance.co.uk/complaints.
What Warwickshire Residents Should Do Next
If you suspect that you have been affected by a DCA issue with Close Brothers Motor Finance, it is important to take action promptly. Gather all relevant documents related to your car finance agreement, including loan agreements, payment records, and any correspondence with the lender. Check the dates of your agreement to ensure it falls within the specified period from 6 April 2007 to 1 November 2024. Once you have compiled this information, proceed directly to Close Brothers Motor Finance's complaint process at https://www.closemotorfinance.co.uk/complaints.
Sources and References
- Financial Conduct Authority (FCA), 2024
- Office for National Statistics (ONS) Census 2021
How Many People in Warwickshire Are Affected?
Based on Warwickshire's population of approximately 580,000, an estimated 121,194 motor finance agreements in the area may have been affected by discretionary commission arrangements (FCA estimate, proportional calculation). This represents approximately 0.87% of the UK total of 12.1 million eligible agreements.
Close Brothers Motor Finance is registered at Companies House (company number 00520241) with a status of active. The company was incorporated on 1953-06-03. Its registered office is at 10 Crown Place, London, EC2A 4FT. The company currently has 9 directors.
Close Brothers Motor Finance Complaint Statistics
According to the Financial Ombudsman Service, Close Brothers Motor Finance received 10 total complaints in H2 2024 BUSINESS. You can check the latest complaint data at the Financial Ombudsman Service.
Close Brothers Motor Finance's FCA reference number is 931092 (status: Appointed representative - introducer).