PPI commission
Bowsa
Posts: 114 Forumite
Hi all,
Firstly apologies if this isn’t in the right part of the forum - it was the closest fit i could find.
Santander has contacted me to see if I should be claiming PPI I filled out the paperwork and sent it off, I was then informed that it was sold to me correctly and that I wasn’t entitled to a refund - fair enough.
I have since (~ 13months later) received a letter from them saying that if the commission received by the lender was more than 50% it was an unfair deal and so I am entitled to that back.
Having sent the paperwork back they have come back to me to let me know it was unfair and that I am entitled to X amount - great.
Do I just accept that this is the correct amount or may I be entitled to more? I didn’t know if there was any history of this being calculated less than it should be by banks or similar.
Hopefully that makes sense.
TIA
BOWSA
Firstly apologies if this isn’t in the right part of the forum - it was the closest fit i could find.
Santander has contacted me to see if I should be claiming PPI I filled out the paperwork and sent it off, I was then informed that it was sold to me correctly and that I wasn’t entitled to a refund - fair enough.
I have since (~ 13months later) received a letter from them saying that if the commission received by the lender was more than 50% it was an unfair deal and so I am entitled to that back.
Having sent the paperwork back they have come back to me to let me know it was unfair and that I am entitled to X amount - great.
Do I just accept that this is the correct amount or may I be entitled to more? I didn’t know if there was any history of this being calculated less than it should be by banks or similar.
Hopefully that makes sense.
TIA
BOWSA
0
Comments
-
How likely do you think it is, that they'd contact you and invite you to claim, and then try to fiddle the refund, seriously?0
-
I suppose as likely as I was that PPI Would have been misold in the first place.... I have no experience in this area, and my understanding from the letter is that once this has been accepted it is case closed. So I’d like to ensure that I get it right the first time.
Appreciate the comment though :money:0 -
*i suppose as likely as it is, that they would mis sell PPI in the first place0
This discussion has been closed.
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