Lender Status Updates
Following the court hearing on commission disclosure on Friday, October 25th, which could significantly impact motor finance, several lenders may temporarily pause lending. iVendi is staying in close contact with all lenders. Find the latest status and further details below.
Last update time: 13:30pm - October 2024
| ... | Lender Name | Status Update | Update Time |
| Admiral | “Trading as usual with a full commission disclosure and pre-approval proposition. New Dealers Can Register Now. Call 0345 226 0503" |
17:28pm - 29 October 2024 | |
| Alphera Finance | "Alphera Finance are able to continue trading with all their dealer partners." | 09:54am - 30 October 2024 | |
| Auto Union Finance | "After a recent review of our portfolio, we can confirm that we are able to offer HP, PCP and LP applications, so will continue to trade with our dealer partners." | 14:26pm - 29 October 2024 | |
| Black Horse | "Remain trading and are implementing their changes asap to disclosure." | 10:46am - 28 October 2024 | |
| Blue Motor Finance | "Blue are able to continue trading with all their dealer partners." | 09:29 am - 30 October 2024 | |
| BNP Paribas Personal Finance | “BNP Paribas Personal Finance are continuing to work with all their dealer partners." | 09:51am - 30 October 2024 | |
| BMW / MINI FS |
"BMW & MINI FS are able to continue trading with all their dealer partners."
|
09:29am - 30 October 2024 | |
| Close Brothers | "Temporarily paused accepting new finance proposals." | 12:17pm - 28 October 2024 | |
| Credit Agricole | "Credit Agricole are continuing trading with all their dealer partners." | 17:27pm - 28 October 2024 | |
| DSG & Connected Car Finance | "DSG are continuing trading with all their dealer partners." | 16:20pm - 28 October 2024 | |
| Evolution Funding (including Motion & Creditas) | "Evolution are continuing trading with all their dealer partners." | 14:39pm - 28 October 2024 | |
| First Response Finance | “First Response Finance are continuing to work with all their dealer partners." | 13:18pm - 28 October 2024 | |
| Mercedes Benz FS | "Mercedes-Benz Financial Services UK Limited are continuing trading with all their dealer partners." | 17:26pm - 28 October 2024 | |
| Mann Island | "Underwriting has currently been paused pending a commission disclosure solution being released. This is expected in the next few days." | 12:50pm - 28 October 2024 | |
| MotoNovo Finance | "Temporarily paused new business pending a fast track commission disclosure solution being released." | 15:11pm - 28 October 2024 | |
| Northridge Finance | "Northridge have temporarily paused the acceptance of all new proposals, and are working to restore this new business channel as soon as possible." | 09:03am - 30 October 2024 | |
| Mallard Finance | "Mallard Finance are able to continue trading with all their dealer partners " | 13:30pm - 30 October 2024 | |
| Oodle | "Oodle are continuing to work with all their dealer partners." | 13:10 - 28 October 2024 | |
| Santander | "Santander are continuing trading with all their dealer partners." | 13:02pm - 28 October 2024 | |
| Startline | "Startline are continuing trading with all their dealer partners." | 14:14pm - 28 October 2024 | |
| Stellantis | "Stellantis are continuing trading with all their dealer partners." | 17:12pm - 28 October 2024 | |
| V12 & Moneyway | "New business transactions have been temporarily paused - update will be provided as soon as possible” | 09:50am - 29 October 2024 | |
| Volkswagen FS | Awaiting Lender Update | - |