Mis Sold Mortgages PPI Complaints Reaches over 40 Millions

Financial statements and figures released by financial services authority clearly show that banks have already paid 40 million for mis sold mortgage PPI up to December 2010.

London, United Kingdom (prHWY.com) July 6, 2012 - Financial statements and figures released by financial services authority clearly show that banks have already paid 40 million for mis sold mortgage PPI up to December 2010. It is expected that the data will raise more and banks will have to pay double of this figure in coming days. Financial ombudsman service is receiving more mis sold PPI complaints every day. It happens with the efforts and works of financial services authority and ombudsman. There is an agreement between banks and FSA for PPI refunds to consumers. However, FSA reports have not disclosed the names of banks engaged in false selling of PPI plans. It is also not stated in the reports that which banks have already paying for mis sold payment protection insurance. However, you can file claim against your lender to receive compensation for your losses. But for this it is very important to identify that you have a mis sold PPI package with mortgages.

You can verify certain things to know whether you have Mis Sold PPI or not. You can take help of claim management company to know whether you are paying extra premiums or not. Claim Management Company can organize full PPI claim process for you. Taking help of claim Management Company to complete the process will also reduce stress. Companies consider all possible measures to win the case so you will have strong chances of winning compensation for your losses.

You should not worry about the service fee. Majority of PPI claim management firms offer no win no fee service for unfairly sold PPI plans. You will be in a win-win situation. However, FSA has already told to the banks involved in PPI scandal for refunds of PPI premiums along with interest. If your lender returns your amount without filing claim then it is good. But if you haven't received your compensation yet then start PPI claim process today. If you have Mis Sold Mortgage PPI then surely you will get back the amount that were out.

###

Tag Words: ppi claims uk, mis sold ppi, mis sold mortgage

Categories: Finance

Press Release Contact
45, Vicarage Lane,
IIford, Essex, IG1 4AG
Phone : +44-20799 35898
Fax : +44- 20799 35133

Link To This Press Release:

URL HTML Code