Santander has agreed to pay compensation for its portion of unfair motor finance deals.Payouts are due on about 12.1 million mis-sold deals from an array of lenders at an average of £829 each, the financial watchdog said in March as it unveiled plans for its redress scheme.

Santander has agreed to pay compensation for its portion of unfair motor finance deals.Payouts are due on about 12.1 million mis-sold deals from an array of lenders at an average of £829 each, the financial watchdog said in March as it unveiled plans for its redress scheme.