Northern Rock Mis-sold PPI claims

Northern Rock Mis-sold PPI claims

Northern Rock building society was formed in 1965 when the Northern Counties Permanent building society (Established 1850) and The Rock building society (Founded in 1805) merged.

In the 1990's Northern Rock chose to demutualise along with many other building societies.
Northern Rock PLC is actually a British bank and is somewhat infamous for becoming the first bank in 150 years to have a "bank run".

It was unable to obtain public money and had to come to the Bank of England with a begging bowl.
Northern Rock was eventually taken into public ownership in 2008.

In terms of gross lending, Northern Rock is in the top five as a mortgage lender. The bank also deals in personal loans, savings accounts and insurance.

How does a long established, wise and experienced bank like Northern Rock become embroiled in the payment protection insurance scandal?

PPI was a very attractive policy which millions of people bought and the banks greedily sold.
PPI or loan protection insurance was intended to repay debt obligations in the event of the policyholder's illness or unemployment.

PPI is a minefield...here are the problems. Thousands of policyholders have tried to claim against their PPI policy only to find that their claim was rejected due to exclusions in the policy.

Another quite annoying problem concerns the refund of PPI premiums in the event that the policy is paid off earlier. In cases like this the refund can be quite small.

The main problem is where Payment Protection Insurance has been mis-sold by the salesperson providing the loan.

In too many cases the customer was not fully aware of the exclusions in the policy.

It must be remembered that PPI is quite different from car or house insurance. It is actually quite a complicated policy.

The good news is that if you have PPI insurance through Northern Rock then we can help you to reclaim all the premiums you have paid with interest. Claims can be backdated for six years.

We can help you to get your money back.

Claim Bank charges back and our partner Claims Financial are ethical businesses who are experienced at suing banks.

We know Northern Rock and how they work and will negotiate the highest possible refund on your behalf.

Interested?

Complete and send the claim form on this page and we will send you an information pack and begin work without delay.

Please do it today.