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April 13, 2017 
Your Money Claim With the impending news of a PPI deadline and new hope for potentially millions of rejected PPI claims we have been expecting UK lenders to make additional payments to their PPI funds.
Today we hear that the Santander PPI provision has received £450m, with news earlier confirming RBS / Natwest added £500m.
This addition takes the total Santander PPI provision to £1.4 billion, and the overall bill to UK lenders to £32.5bn.
The Santander compensation fund is to cover payouts for the likes of Abbey National and Alliance & Leicester, as well as Santander and the many store cards that are administered by the group.
With UK lenders bracing themselves for a wave of new claims as they are forced to fund a media campaign once the anticipated PPI deadline is announced, it comes as no surprise that lenders are having to set aside more compensation money.
That isn’t all though, as new hope is offered to potentially millions of previously rejected claims following a significant development within the Supreme Court.
Our estimation of a total final bill of £42.5 billion, initially mocked by so called city experts, now appears more likely as the months pass.
PPI was sold on all forms of credit, such as mortgages, loans, car finance, hire purchase agreements, credit cards and store cards.
Not sure whether you’ve been sold PPI?
Our fast and comprehensive checking systems that have been set up with almost all banks allows us to find out whether you’ve been one of the millions who have had PPI.
Not sure whether you qualify? Check here to see whether you may.
Our average successful customer award is £3,332**!
Want to know how much you may be owed? Why not try our PPI calculator.
Option #1: Fill in the ‘Start Your Claim’ form on this page. We’ll send you out a form in the post for you to complete. Once we’ve received the form back in the freepost envelope we provide, we’ll make a start on your PPI claim.
Option #2: Click the ‘Download Claim Pack’ button. Simply print out the form, complete it and send it back to us. Our address and email address can be found here.
Our experts are on hand to answer any questions you have via telephone, email or our live chat facility.
Santander PPI provision up £450m
April 13, 2017 Your Money Claim Yesterday we brought you news that we were expecting major UK banks to be setting aside upwards of £5bn over the next few weeks to cover PPI claims.
Today we hear that the Natwest and RBS PPI provision will receive an additional £500m.
This takes the total Natwest / RBS PPI provision to £4.6 billion, and we can can say with some degree of confidence that this is far from the last addition we will see the sister banks having to set aside.
As mentioned yesterday, we are expecting some big announcements over the coming months with regards to a PPI deadline and new hope for previously rejected claims following a Supreme Court ruling.
This pending media attention is sure to see a new wave of PPI claims as the estimated 7 million who haven’t yet made their claim decide to check whether they’ve had PPI.
This additional £500m takes the overall bill to all UK lenders to £32 billion, with the major banks accounting for £27.5 billion of this.
Over the coming days and weeks we fully expect the total PPI bill to break the £35 billion mark and edge closer towards our estimated final bill of £42.5 billion.
PPI was sold on all forms of credit, such as mortgages, loans, car finance, hire purchase agreements, credit cards and store cards.
Not sure whether you’ve been sold PPI?
Our fast and comprehensive checking systems that have been set up with almost all banks allows us to find out whether you’ve been one of the millions who have had PPI.
Not sure whether you qualify? Check here to see whether you may.
Our average successful customer award is £3,332**!
Want to know how much you may be owed? Why not try our PPI calculator.
Option #1: Fill in the ‘Start Your Claim’ form on this page. We’ll send you out a form in the post for you to complete. Once we’ve received the form back in the freepost envelope we provide, we’ll make a start on your PPI claim.
Option #2: Click the ‘Download Claim Pack’ button. Simply print out the form, complete it and send it back to us. Our address and email address can be found here.
Our experts are on hand to answer any questions you have via telephone, email or our live chat facility.
RBS PPI provision up £500m
April 13, 2017 Your Money Claim The next few months will prove to be a very interesting time in the whole PPI mis-selling saga.
With expected announcements regarding a PPI deadline and new rules opening the door for potentially millions of rejected PPI claims, we are anticipating a wave of claims and media attention.
The impending media attention is prompting lenders to set aside large sums as a widely anticipated jump in the PPI bill looms.
Whilst the major banks have already set aside £27 billion, the overall figure including the remaining lenders already stands at £31.5 billion.
At the beginning of the scandal the banking industry put their estimate that the final bill would be £25 billion.
Our estimations have always suggested a figure closer to £42.5 billion.
Rumours emanating from the city suggest the major banks will set aside a further £5bn over the coming weeks, taking the bill to £36.5bn.
With the major announcements also expected and a media campaign having to be funded by the banking industry we have no doubt that the final bill will reach our estimated figure.
We expect most, if not all, of the major banks to be setting aside further compensation over the coming weeks.
The major culprit in the scandal has been the Lloyds Banking Group, which includes Halifax, Bank of Scotland, Lloyds and Blackhorse.
We expect the Lloyds Banking Group to be setting aside approximately £2.5 billion.
It is also highly likely we will see a jump in PPI bills from the likes of HSBC, Barclays, Santander, RBS and Natwest.
PPI was sold on all forms of credit, such as mortgages, loans, car finance, hire purchase agreements, credit cards and store cards.
Not sure whether you’ve been sold PPI?
Our fast and comprehensive checking systems that have been set up with almost all banks allows us to find out whether you’ve been one of the millions who have had PPI.
Not sure whether you qualify? Check here to see whether you may.
Our average successful customer award is £3,332**!
Want to know how much you may be owed? Why not try our PPI calculator.
Option #1: Fill in the ‘Start Your Claim’ form on this page. We’ll send you out a form in the post for you to complete. Once we’ve received the form back in the freepost envelope we provide, we’ll make a start on your PPI claim.
Option #2: Click the ‘Download Claim Pack’ button. Simply print out the form, complete it and send it back to us. Our address and email address can be found here.
Our experts are on hand to answer any questions you have via telephone, email or our live chat facility.
Jump In PPI Bill Expected
June 29, 2017 Your Money Claim Have you previously received a rejected PPI claim from your bank, or even the Financial Ombudsman Service?
If the answer is yes there is potential new hope for you following a Supreme Court Ruling.
The Financial Conduct Authority (FCA), which regulates the banking industry has put forward new proposals on how it intends to change its rules regarding how lenders should investigate claims.
This news has the potential for millions of previously rejected claims to now have the chance of compensation.
Without getting into the nitty gritty of the case, it centres around certain information not being disclosed to customers when the PPI policy was sold.
This information, it is argued, saw customers not being able to make an informed decision as to whether the PPI policy was value for money.
Whilst this ruling will not open the door for all cases, the proposals suggest that it will apply to credit agreements either taken out after April 2007, or credit agreements opened prior to April 2007 but were still open in April 2008.
Your Money Claim have been monitoring the Supreme Court case closely for some time, and have been making successful claims on behalf of customers who have previously received a rejection since the ruling was made.
If you are unsure whether your case could fall within the new rules, please contact Your Money Claim who can assist in reviewing your case and submitting a new claim incorporating legal challenges and rulings brought about by the Supreme Court case.
If you’ve not yet made a claim, now is the time to do so.
With a deadline expected to be announced in early 2016 there is expected to be a rush of claims.
This new ruling will only strengthen your case further, so why wait?
PPI was sold on all forms of credit, such as mortgages, loans, car finance, hire purchase agreements, credit cards and store cards.
Not sure whether you’ve been sold PPI?
Our fast and comprehensive checking systems that have been set up with almost all banks allows us to find out whether you’ve been one of the millions who have had PPI.
Not sure whether you qualify? Check here to see whether you may.
Our average successful customer award is £3,332**!
Want to know how much you may be owed? Why not try our PPI calculator.
Option #1: Fill in the ‘Start Your Claim’ form on this page. We’ll send you out a form in the post for you to complete. Once we’ve received the form back in the freepost envelope we provide, we’ll make a start on your PPI claim.
Option #2: Click the ‘Download Claim Pack’ button. Simply print out the form, complete it and send it back to us. Our address and email address can be found here.
Our experts are on hand to answer any questions you have via telephone, email or our live chat facility.
Rejected PPI Claim?
