How much will I get for my PPI Compensation?

The mis selling of PPI by banks and building societies comes under the jurisdiction of the Financial Services Authority (FSA) who are the governors and watchdogs of the UK financial industry.


The FSA ruled in 2005 that a Bank who has mis sold a PPI Policy must pay back everything that the customer has paid in relation to the policy.


Gladstone Brookes will claim on your behalf for the following:


  • The full cost of the Policy
  • Any interest paid in loan repayments on the PPI policy
  • 8% interest on the above combined amount

Therefore, you will receive the cost of the entire premium charged to you, interest that you have paid on the cost of the policy in your payments. In addition to this, Gladstone Brookes will claim interest at a rate of 8%. If you are interested in getting compensation for your mis sold PPI fill in our online PPI Claim Form or ring 08000 461 825 today.
 
     
 
     
 

How do will receive my PPI refund?

How you receive your PPI Refund payment depends on your circumstances. The way your damages are paid to you depend on whether your loan is still active or not.
 
     
 
     
 

I’m still paying my loan

If you are still paying your loan back, you will receive a lump sum of any payments made to date on the policy. The remaining loan payments will then be reduced accordingly.


The difference this can make on your monthly outgoings is huge; we have many clients whose loan payments have been substantially reduced – sometimes by over half* - which can only be a good thing in the current economic climate.


*example
 
     
 
     
 

I’ve paid off my loan

If you have paid your loan off, you will receive your PPI refund in a lump sum.


To start your PPI refund, call 08000 461 825or fill in our online PPI refund form today.
 
     
 
ppi claim form