about our services why us vacancies contact
Tel: 01772 494366
Fax: 01772 463684
Mobile: 07544391343
Email: admin@dylannair.com
DX 717442 Preston 15
· About us
· Terms and Conditions

· Conveyancing
· Criminal Injury
· Holiday Claims
· Solicitor's Costs
· Personal Injury
· Payment Protection Insurance (PPI)
· Employment matters
· Matrimonial
· Other areas
· Why Dylan Nair?
· Articles
· Languages
· Full-time
· Students
· Contact details
· Contact form
· Call me back
 
payment protection insurance (PPI)

What is Payment Protection Insurance (PPI)? .

PPI is an insurance product which usually provides you with protection in the event that you become unable to repay your loan or credit card repayment due to sickness or unemployment, or sometimes just accident and sickness.

It is common that PPI is sold by lenders for various loan products such as mortgages, credit cards, store cards and purchase hire agreements.

The product itself is not bad as it can help if you became ill or unemployed, usually for up to a year, however, the manner in which it was sold has been widely criticised.

Many advisers were incentivised with commissions to sell PPI whenever possible. This set a chain reaction of forcing PPI on customers, who it either was not suitable for them or they just did not want PPI.

The company which sold PPI had a duty to ensure the policy was appropriate and suitable for the consumer. For example, if the consumer was paying for unemployment cover but was self-employed, unemployed or retired then the PPI, was inappropriate, meaning the consumer has been mis-sold. It has been further reported that advisers had advised customers that it was compulsory to take out PPI if a loan was required, which was not the case.

Examples of Mis-selling
If the adviser...
· Did not make it clear the policy was optional or tell you about any cooling off period
· Implied or stated it would be more expensive if you did not take the insurance
· Implied or insisted that you take out their policy to qualify for the product or help with your application
· Was very pushy when selling the product, so that you felt you could not say no
· Would not let you continue with the application if you did not sign the insurance agreement as well
... then you have been mis-sold PPI.

How much would you receive?

This depends on how much you have paid. You should generally expect a full refund with interest at a rate of 8%.


We can work on a “no win no fee basis”, which means there will be no costs for you whatsoever should we be unsuccessful in recovering your PPI refund. We would only seek a contribution for our costs from you if we did manage to successfully resolve your complaint, which would be a fixed percentage of your refund amount.

We offer a free, no obligation initial consultation so give us a call on 01772 320177 or alternatively fill in our contact form and we will allocate an appropriate member of our team to get in touch at your convenience.

> Home

What we would do for you...

We will happily assist you and investigate whether you have been mis-sold PPI on your behalf.

If we find that you have then we will promptly take your case forward and make sure you are regularly kept updated about the progress of your case.

We can work on a “no win no fee basis”, which means there will be no costs for you whatsoever should we be not successful in recovering you PPI refund. We would only seek a contribution for our costs from you if manage to successfully resolve your complaint, which would be a fixed percentage of your refund amount.

We offer a free, no obligation initial consultation so give us a call on 01772 320177 or fill out our contact form and we will allocate an appropriate member of our team to get in touch at your convenience.

 

Dylan Nair Solicitors Limited is a Limited Company registered in England and Wales with Company Number 06735889.
Registered Office: 55 Garstang Road, Preston, Lancashire, PR1 1LB
Authorised and regulated by the Solicitors Regulation Authority.
SRA Number: 499843
VAT Number: 876 7907 57