Santander mis-sold PPI claims

On January 11th 2010 Formula One driver Lewis Hamilton opened the first rebranded Santander branch in London.

Certainly Lewis Hamilton as the Bank's spokesman has introduced a sexy image to the "Boring and bonuses" industry.

Santander UK is a wholly owned subsidiary of The Spanish Santander group. Santander is the third largest bank in The UK in terms of deposits, the second largest in terms of mortgages and the fourth largest in terms of branches. With over 25 million customers in the UK Santander is a gorilla in the banking jungle.

So how did Santander become embroiled in The PPI mis-selling scandal?

Along with all the other banks Santander saw easy money from a never ending waterfall of billions of pounds year on year.

Another reason for the size of The PPI scandal was that the frontline sales staff selling personal loans were heavily incentivised to sell or mis-sell Payment protection insurance (PPI).

PPI was inherently a bad product. Unlike home and car insurance it was difficult to explain the policy to the purchaser and consequently it usually wasn't.

In reality, the policyholder stood little or no chance of actually claiming benefit from the policy due to numerous exclusions in the small print.

Can you reclaim your money if you have been mis-sold a PPI policy funded by Santander bank?

Yes, you can!

Firstly you must urgently check that your personal loan, credit card or mortgage included payment protection insurance (PPI).

Secondly, it would be a good idea to ascertain how much money you have paid. Remember that interest can be added to the PPI payments.

We can reclaim for you mis-sold PPI payment plus interest going back six years.

The process can be complicated with the investigation into your payments, writing to the lender and then to The Ombudsman.

If you haven't negotiated with a bank about them returning money to you then you are in for a frustrating experience.

May we suggest that Claim Bank Charges Back and Claims Financial handle your claim for you?
Claim Bank Charges Back is an ethical and long established company who have championed consumer rights for many years.

We make no upfront charges and our costs and known to be very, very reasonable.

Complete the online form and send it to us. We will then send you an information pack and begin the process of getting your money back.

Please complete and send the form today.