MotoNovo Finance has paused promoting motor finance whereas it updates its processes.
The transfer follows a Court docket of Enchantment ruling on Motor Finance motor finance Discretionary Fee Claims, which dominated in favour of customers.
In an announcement on its web site, MotoNovo mentioned: “To all our valued clients, following a latest Court docket of Enchantment resolution which thought-about the cost of fee from lenders to motor sellers, we’ve quickly paused accepting new finance proposals whereas we make vital updates to our processes.
“This resolution permits us to make sure we proceed offering the very best normal of service and assist to all who finance with us.
“When you’re an present buyer, please relaxation assured—your finance settlement stays unaffected, and you’ll proceed to obtain the identical dependable service and assist as at all times.
“We appreciate your patience and understanding as we work to enhance our services. Our commitment to your experience and satisfaction remains our top priority and we aim to be open for new business quickly.”
