Expert analysis of
consumer finance claims.
Key Ledgers provides independent financial analysis of PCP, HP and consumer finance agreements, supporting solicitors in mis-selling and unaffordable lending disputes.
What we analyse in consumer finance disputes.
Whether discretionary commission arrangements were properly disclosed to the consumer, and whether the broker had authority to set the interest rate.
Analysis of whether the lender carried out appropriate affordability checks and whether the finance was suitable given the consumer's circumstances.
Calculation of the excess interest paid compared to a fair rate, and any other financial loss arising from the mis-selling.
How does Key Ledgers analyse a consumer finance claim?
We obtain and review the finance agreement, the lender's credit assessment, the broker's commission disclosure and the consumer's financial information at the point of sale. We identify what was disclosed, what was withheld and what the lender actually knew at the time the agreement was entered into.
We calculate the excess interest paid compared to a fair rate, assess whether the affordability checks carried out by the lender met the required standard, and identify any other financial loss arising from the mis-selling. Each element is quantified with reference to the available documentation.
We produce an independent CPR Part 35 compliant expert report setting out our methodology, findings and quantum. The report is structured for use at trial or in settlement negotiations. We assist solicitors at all stages of proceedings, including advocates meetings and oral evidence where required.
What makes the
critical difference.
PCP and consumer finance claims require precise financial analysis and an expert who can explain complex commission structures and affordability calculations clearly to a court.
Our duty is to the court. We produce analysis that reflects what the financial evidence actually shows, not what either party needs it to say.
All expert reports comply with CPR Part 35 and the Practice Direction. Our reports are structured for use at trial and in group litigation proceedings.
Bharat Varsani FCCA is a Fellow of ACCA and a registered auditor, bringing professional credibility to the financial analysis in consumer finance disputes.
Experienced in providing analysis across multiple consumer finance agreements, including methodology reports for group litigation and volume claim cohorts.
We present complex commission structures and affordability calculations in a form that is clear to a judge, a lay reader and the parties in dispute.
We respond to all enquiries the same working day. Instruction details are treated as strictly confidential from the first contact.
Instructed by consumer finance solicitors, claims firms and group litigation teams.
Individual and volume PCP, HP and consumer credit mis-selling claims requiring independent financial analysis and expert evidence.
Firms managing group litigation actions requiring a methodology report and individual quantum assessments for lead claimants.
Barristers in consumer finance litigation requiring expert analysis on commission disclosure, affordability and financial loss quantification.
FCA-regulated claims management companies requiring independent expert reports to support consumer finance complaints and litigation.
Precise financial analysis from agreement to quantum.
Our PCP and consumer finance work product gives solicitors and Counsel the expert evidence they need, from initial analysis through to trial.
- Commission disclosure analysis
Examination of the commission arrangements in place, what was disclosed to the consumer and whether the broker had authority to set the interest rate.
- Affordability assessment
Analysis of whether the lender's affordability checks met the required standard at the point of sale, with reference to the consumer's actual financial position.
- Financial loss quantification
Calculation of the excess interest paid compared to a fair rate, and any other financial loss arising from the mis-selling of the finance agreement.
- CPR Part 35 expert report
A properly structured expert report setting out our methodology, findings and opinion, compliant with CPR Part 35 and the Practice Direction.
- Volume claim methodology report
For group litigation, a methodology report applicable across the cohort with individual quantum assessments for lead claimants and sample cases.
Frequently asked questions about PCP and consumer finance claims.
- A discretionary commission arrangement (DCA) is an agreement between a lender and a broker under which the broker has the power to set or vary the interest rate on a finance agreement, with their commission increasing as the rate goes up. The FCA banned DCAs in January 2021 following its review, which found that they caused consumers to pay significantly more for finance than they would have paid under a fixed-commission model.
- Affordability analysis examines whether the lender carried out a proportionate and adequate assessment of the consumer's financial circumstances before granting the finance. We review the income and expenditure information available to the lender at the point of sale, assess whether it was adequate for the purpose, and consider whether the consumer had sufficient disposable income to sustain the agreement without undue financial pressure.
- We examine the finance agreement, all commission disclosure documentation, the lender's credit assessment file, the consumer's income and expenditure information at the point of sale, bank statements, the interest rate applied versus the base rate and any available comparator rates, and the total amount repaid under the agreement. Where multiple agreements are involved, we analyse each one separately.
- Our expert report covers: whether a DCA or similar commission arrangement was in place; whether it was properly disclosed; the interest rate charged compared to a fair market rate; the excess interest paid as a result of the arrangement; any additional financial loss from unaffordable lending; and a clear quantification of the total financial remedy sought. The report complies with CPR Part 35 and the associated Practice Direction.
- Yes. We are experienced in providing analysis across multiple consumer finance agreements in volume claim scenarios. We can produce a methodology report applicable across a cohort of claims, individual quantum assessments for lead claimants, and template analysis frameworks for high-volume cases. We work with solicitors handling both individual claims and group litigation actions.
Related insights.
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CPR Part 35 compliant reports and court attendance. Duty to the court.
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We respond to all enquiries the same working day. Instruction details are treated as confidential from the first contact.
"We respond to all enquiries the same working day."