Martin Lewis says families of drivers who died between 2007 and 2021 could be owed £1,100

Martin Lewis says the families of drivers who died between 2007 and 2021 could be owed a payout. The BBC and ITV star has spoken out over the Financial Conduct Authority investigation into car finance mis-selling as the scandal continues.

"Lenders let brokers and car dealers increase the interest rates to increase their commission," Mr Lewis said on his ITV show. "Millions overpaid without knowing, so you won’t know if it happened to you." Co-star Jeanette Kwayke asked him a question from a viewer, who said: "A question coming in from Susan here.

"Now Susan is asking this: My husband had PCP on a car he bought in 2016. He’s since died (really sorry to hear that) but can I claim in my name?” Martin then replied: "Presuming you are the executor or the primary beneficiary of the will, absolutely yes, the claim - forgive the phrasing - does not die with the person.

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"It can be passed on as part of the estate." FCA chief executive Nikhil Rathi joined Martin Lewis’ Money Show to address shortcomings about the regulator, as well complaints against car finance lenders. The show was broadcast at 8pm on ITV on December 10 and Rathi joined on stage to make clarifications and address some questions from viewers, as well as Lewis directly.

The national television attention to the subject will bring even greater focus to the topic and follows on not only from the FCA's investigation on discretionary commission arrangements (DCA), but also the shock ruling from the Court of Appeal in October, which determined that motor finance brokers must provide full disclosure on commissions when arranging car loans.

Lewis applauded Rathi, as did the audience, for agreeing to answer questions live on the show. Lewis also said the case could run up to a cost of £30 billion and car owners could be looking at an average compensation claim of up to £1,100 each.