Ep 515 - Important car finance mis-selling update & base rate surprise
The Money To The Masses Podcast
Damien Fahy
4.8 • 589 Ratings
🗓️ 10 August 2025
⏱️ 32 minutes
🧾️ Download transcript
Summary
On this week's podcast Damien explains the latest development in the car finance mis-selling scandal and what action you need to take. He also discusses the latest Bank of England base rate cut. While it was widely anticipated, he explains why the market was caught off guard by what was contained in the accompanying meeting minutes.
Check out this week's podcast article on the Money to the Masses website to see the full list of resources from this week's show
(00:00) - MTTM Episode 515
(04:07) - Car Finance Mis-selling Scandal Overview
(07:06) - Supreme Court Ruling and Its Implications
(09:31) - Action you can take to check if you had a DCA
(12:30) - Bank of England Rate Decision and Market Reactions
(15:18) - Impact of Base Rate Cuts on Mortgages
(17:19) - Market Predictions for Base Rate Changes
(19:03) - Understanding the Monetary Policy Committee's Decisions
(22:06) - Inflation Trends and Their Effects on Interest Rates
(24:37) - Personal Mortgage Decisions and Market Reactions
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Links referred to in the podcast:
- Try our AI guidance tool 'DaMoney' - Ask it any money question
- Car Finance Mis-Selling Review
- FCA to Consult On Car Finance Compensation
- MSE Car Finance Complaint Logging Tool
- Best Mortgage Rates in the UK
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Transcript
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| 0:00.0 | Hello and welcome to episode 515 of the Money to the Masses podcast with your resident expert, |
| 0:05.1 | as always, Damien Faye and me, Andy Licks. |
| 0:07.3 | Damien, welcome back. How are you doing? |
| 0:09.1 | I'm great. And thank you to everybody who's listening, who left comments on Spotify for us or for me |
| 0:16.0 | to go and give the thumbs up and reply to. There were a few of you. There should be thousands of |
| 0:20.3 | you doing it each week. So don't forget, we can see the percentage of people who listen via |
| 0:24.7 | Spotify and other different means of listen to a podcast or watching it. And Spotify is still one of the |
| 0:30.5 | larger ways that people, one of the most popular ways, I should say, of listening to the podcast, |
| 0:35.8 | where Apple is probably the biggest still. But do go leave a review if you're watching, listening or whatever via Apple podcast, |
| 0:43.1 | because we've not had a review on there for a while, but do go on to Spotify and leave a comment. |
| 0:48.1 | I think it's a great way to interact with Andy and I on the show, and I go reply to all of the |
| 0:53.6 | comments. Even if it's just you |
| 0:55.0 | giving a thumbs up, you'll probably get a big heart back from me. So please do carry on doing that. |
| 1:00.3 | It will help us with the algorithms on Spotify and it's great to see that interaction because |
| 1:04.9 | don't forget, when we push these podcasts out, unless you respond, you email in or whatever |
| 1:10.5 | it is, then we don't get that feedback |
| 1:13.2 | and we do love it. Also, don't forget to go on to YouTube, you can leave comments there as well. |
| 1:17.8 | But talking about the podcast generally, Andy, we're going to do something different actually |
| 1:21.6 | this weekend, maybe a little bit more going forward. We're always conscious that we're putting |
| 1:27.1 | so much content onto the shows to give you as much, well, I would say value for money, but you don't pay because it's free. So we give so much content on the shows that we do want to make sure it's got that right balance of you and I talking as well as the value that we give in terms of the expertise that we |
| 1:46.3 | give out on the podcast. So what we're going to do is probably start doing maybe two main |
| 1:51.5 | topics on the podcast rather than three. And that will give us more time to delve deeper and |
... |
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