Thousands of Britons are complaining to the Financial Ombudsman Service about being mis-sold unaffordable guarantor loans, new figures reveal, as Payment Protection Insurance was finally dethroned as the most complained about financial product. Complaints about PPI numbered 6,679, meaning it was not the most complained about product in a three-month period for the first time … Read more
Taxpayer-owned NatWest blasted over legal costs for new PPI cases NatWest – 62% state-owned – has been slammed for wasting taxpayers’ money It is thought to have spent in excess of £10,000 on individual court cases Judge S. Mitchell questioned why it was spending so much defending a PPI claim By Emma Dunkley For The … Read more
New PPI gold rush: Ruling on hidden fees may spark millions of fresh payout claims… even from people who were happy with their policy Banks have forked out £38billion for mis-selling payment protection insurance Court rulings have found some policies ‘unfair’ due to hidden commission fees Commission accounted for more than 95 per cent of … Read more
Millions of Britons could demand lucrative PPI pay-outs in ‘second wave’ of compensation after courts find products were ‘unfair’ Court rulings say PPI was ‘unfair’ because banks did not disclose commissions Commissions on some products amounted to 95 per cent of the cost of policy The deadline for making a PPI claim was set by the … Read more
When it comes to big banks it is often said that loyalty doesn’t pay. However, in an unusual case, 40 years of sticking with Lloyds Bank was the main reason behind a Hertfordshire man obtaining a £12,000 mis-sold PPI payout. But Richard Harvey’s case also highlighted how the banking giant stung him for worthless insurance … Read more
TONY HETHERINGTON: It’s worth digging…your PPI claim comes to £2,579 By Tony Hetherington, Financial Mail on Sunday Published: 23:45 GMT, 14 March 2020 | Updated: 23:45 GMT, 14 March 2020 Tony Hetherington is Financial Mail on Sunday’s ace investigator, fighting readers corners, revealing the truth that lies behind closed doors and winning victories for those … Read more
‘You could be entitled to compensation up to £250,000’, ‘thousands owed for hidden loan charges and mortgages’ and ‘don’t delay – start your free application today’. Barely were my feet back under the desk in 2020 before I was bombarded with emails telling me I could be entitled to compensation for a mis-sold mortgage. In … Read more