Alliance and Leicester PPI reclaim

If you have loan protection insurance or payment protection you are probably aware of the mis-selling scandal surrounding this type of cover. The issues were first revealed by The Financial Service Authority (FSA) in 2006 and since then the amount of payment protection insurance claims has risen dramatically.

The FSA’s investigation looked at the sale of payment protection cover across the industry and fined those lenders it felt were guilty of significant failures. One of these lenders was Alliance and Leicester. Alliance and Leicester’s fine was the largest seen during the payment protection investigation totalling £7 million. The fine was handed out in relation to the sale of approximately 210,000 policies between January 2005 and December 2007. The FSA highlight in its report the fact Alliance and Leicester had encouraged staff to recommend PPI to customers who may not have wanted or needed it. The press attention generated by the fine saw a significant increase in the number of unhappy customers making an Alliance and Leicester PPI reclaim and receiving compensation.

The amount of compensation you could receive will depend on a number of different facts including the age and size of your payment protection policy, but if mis-selling is proven you can expect to normally receive a full refund of premiums paid plus 8% interest.

The good news is there is no limit to the number of claims you can make and you can even make more than one claim against the same lender. You can even make a claim if your loan is already paid off. Remember, you may have been mis-sold PPI on a loan, mortgage, credit card, store card or hire purchase agreement so it is worth checking through all your financial agreements. It is worth doing this even if you do not think you purchased the cover as, on some occasions, salespeople added it without a customer’s knowledge.

To make an Alliance and Leicester PPI reclaim or to start a claim again any other lender, call 0207 471 2000.

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Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk number 18273

Belmont Thornton Ltd. is incorporated in England and Wales, Company number 6621233, whose head office and registered office is at Suite 2, Unit 25, The Coda Centre, Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.

Belmont Thornton Ltd is registered with the Information Commissioners Office to ensure compliance with the Data Protection Act 1998 registration number Z1728023 and holds a Credit Consumer License issued by the Office of Fair Trading license number 634655.

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* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.