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  • FIRST POST
    plutus1947
    Reclaiming PPI - Gladstone Brookes
    • #1
    • 24th Mar 10, 4:33 PM
    Reclaiming PPI - Gladstone Brookes 24th Mar 10 at 4:33 PM
    Hello all from Plutus the Nrewbie,

    I have just read the section on MSE regarding reclaiming mis-sold PPI on a loan.

    This morning I saw a TV advert placed by Brookes Gladstone. This ad convinced me to contact them as I felt I may have a case to reclaim the PPI I am currently paying on a Lloyds TSB Loan.

    They told me that I do have a claim and that they will happily deal with it for me. For a price of course.

    Their fees are:

    1. 50 up front in order to register the claim with them. They assured me this would be returned whether I got my PPI back or not.

    2. They retain 25% plus VAT from the amount I get returned from the PPI I have paid.

    [TEXT DELETED BY FORUM TEAM]

    I asked them why I cannot pursue my claim against the insurers rather than have to pay them for doing it for me and was told that if I made a claim against them and if unsuccessful I could not claim again using them or any other Claims Management Service. I do know that if I asked the Ombudsman to investigate my claim and they found in favour of the insurers then I could go no further.

    Is the information given by Gladstone Brookes correct?

    After reading how to make a claim myself for reimbursement on the MSE website, I feel I should be able to handle this without too much difficulty.

    Any advice or help will be greatly appreciated.

    Best regards
    Last edited by MSE Investigator; 09-05-2011 at 12:19 PM. Reason: Pending Investigation
Page 1
  • Biciitalia
    • #2
    • 24th Mar 10, 7:02 PM
    • #2
    • 24th Mar 10, 7:02 PM
    Hi - my wife was successful with Brunel Franklin who took 25% plus vat after successfully claiming against xxg, a claim that only took about 3 weeks in total. The loan dated back to 2004 - thought nothing ventured nothing gained got the full amount of ppi plus interest that covered the 25 percent BF wanted.

    The only small niggle was BF chasing up the 25% plus VAT - the invoice never stated the method of payment so we sent the cheque - turns out you can pay online - was chased up quite a bit until the cheque cleared.
  • andys15
    • #3
    • 25th Mar 10, 9:38 AM
    • #3
    • 25th Mar 10, 9:38 AM
    Why would you pay anyone to do this. It is the easiest thing to do yourself. I wrote a letter using the template from MSE, posted it. 1 week later HSBC admitted we were missold. They said they would be in touch within 4-6 weeks as they have so many to deal with. 6 weeks later, they paid 1900, which included 8% interest. 6 weeks and 1 day later, flights to Barbados booked. Do it yourself.
    Dont ask
  • andys15
    • #4
    • 25th Mar 10, 9:50 AM
    • #4
    • 25th Mar 10, 9:50 AM
    Further to my last post. I didn't even know if I had taken PPI on the loans I got refunded for. I phoned HSBC, they told me I had 3 loans with them since 2002, and they posted me the paperwork free of charge for all 3. I sent the PPI template letter for all 3 in one go. They replied and said 2 had a case, 1 didnt have PPI. No solicitors are involved its so straight forward especially with the bigger banks, they have a team solely working on PPI reclaims. If I had gone with the company you want to, out of my 1900 I would have been charged 525 for someone posting a letter. Now if you want I will post your letter for 100 or better still post it yourself.
    Dont ask
  • plutus1947
    • #5
    • 25th Mar 10, 4:35 PM
    • #5
    • 25th Mar 10, 4:35 PM
    For Bicitalia,

    Thank you for your reply and for taking the time reading my post.

    I must admit I would rather claim myself and cut out the middlke-man and of course save myself a few pennies too.

    My only concern is that if I make a claim myself and Lloyds TSB come back and say I am not entitled to a refund then I will not be able to pursue my claim via a professional body like Gladstone Brookes. This is what the operator at GB told me.

    John
    (Plutus1947)

    ADDENDUM

    I have just phoned BF who tell me that they do not ask for an upfront payment as it is a no win, no fee operation.

    This is of course different from Gladstone Brookes who said before they could register my claim and carry it forward I had to pay them 50.
    Last edited by plutus1947; 25-03-2010 at 5:22 PM.
  • plutus1947
    • #6
    • 25th Mar 10, 4:56 PM
    • #6
    • 25th Mar 10, 4:56 PM
    For Andy15,

    Thank you too for reading my post and your reply. It was most welcome and informative.

    I have noted in my Loan Protection Insurance Booklet issued when I signed up for the loan with Lloyds TSB that it says if I am unemployed at the time of signing I am not covered. Neither am I covered for 'critical illness' due to any pre-existing conditions.

    When I was offered and signed up for the loan I was unemployed and in receipt of Income Support. I also had, and still have, a heart condition.

    These facts were made clear to the person dealing with my loan prior to my signing up. At no time did he advise me that I would not be covered for illness or unemployment.

    He also told me that in the event that I died before clearing the loan my debt would be deemed to be have been paid in full. In the event I died prior to the debt being paid in full I was also informed that any monies I had already paid would be returned to my estate.

    A couple of months ago I contacted the insurers, Lloyds own insurance company to ask if this was in fact the case and I was verbally told yes.

    There is nothing in my policy stating this and everyone I have spoken to seems convinced that this simply does not happen.

    The reason I agreed to take out the insurance was for the fact that I could 'pop' off before the debt was repaid as at the age I was It was very unlikely that I would have ever got other employment.

    In fact I was amazed that I was offered the loan in the first place because of my financial and medical condition.

    Although all this happened prior to my taking up the loan the problem is that it was all verbal and I have nothing in writing. So it is my word against his.

    John
    (plutus1947)
  • plutus1947
    • #7
    • 13th Apr 10, 3:40 PM
    • #7
    • 13th Apr 10, 3:40 PM
    For Andys15,

    Thank you again for your advice.

    I took it and sent a letter to the company who sold me my PPI, using a modified template supplied by MSE, and today received a letter from them agreeing that the policy was mis-sold and that they would repay all my payments so far, 8% interest and another interest payment. I am not sure what this is.

    All in all it is worth about 1000.

    It certainly goes to show that these kind of things can be done without having to pay other companies through the nose to do it for you.

    Thank you also to MSE for the easily understandable way you informed us about mis-soll PPIs and for the excellent templates you provided.

    John
    (plutus1947)
  • trb_88
    • #8
    • 2nd Feb 11, 4:21 PM
    • #8
    • 2nd Feb 11, 4:21 PM
    i called GB to reclaim back some ppi and agreed to pay the 50 deposit but after hanging up i read on here about doing it myself so i then called them back 15mins later and asked if i could cancel the claim and they said yes no problem but it will take three days to refund your deposit, i said that wasnt a problem, but now a week and a half later still no refund, i called on monday and was told there was an admin error and i should see the refund in my bank in three days yet again still no refund!! will i ever get it back? is there anything i can do or action i can take against them to get back my 50?
  • geoffky
    • #9
    • 26th Jul 11, 9:50 PM
    • #9
    • 26th Jul 11, 9:50 PM
    25% plus vat...anyone who pays that must be a mug....its your hard earned money for crying out loud.
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • Freedomland
    Hi All,

    It has been over a year when I called GB PPI claiming company. After listening about my case, they asked 50 but I said I didn't have 50 but accepted to pay 10 instead, to start the procedure. There were PPI claims for my CC and Loans. I got CC PPI within a few months and paid the the 25%+VAT.

    For my loans the bank refused therefore the case went to FOS and now the bank has agreed to pay after over a year.

    I heard and now I can understand how straight forward it is to put a claim forward.

    At the time I made the claim, I was lead (mis-lead) to believe (based on the ads) that an individual (myself) cold not do it and needed expert advice/intervention.

    25+vat is lot.

    Since I was 'mis-lead' into believing that I needed their expert advice and did not inform me that I could do it on my own:

    1. Can I launch a complaint and ask to annul/void the contract.
    2. and when GB said no, what would be their possible actions?
    3. Would be better to go through the court to argue the case and may be set a precedent?

    What else, please.

    It's my hard earn money and it's a huge chunk the want from it.

    Thank you all for reading...
  • Apples2
    You're claiming Mis-Sold against a company who are claiming Mis-Sold on your behalf?

    How many Mis-Sold's can you have in a single chain?

    In what way did the Ads suggest you could not do this on your own?
    You did, after all, call THEM and ask for their assistance. They being a profit making company and not a free financial advice service.

    I don't defend them at all, most are happily dropping into the wilderness but they did offer a simple service which you were all to eagre to pay money for... at the time.
  • magpiecottage
    Have a look on this thread.
    I run a consultancy to help Independent Financial Advisers to comply with their rules and resolve complaints. Although I am qualified to, I don't advise consumers for reward.
  • Jeremy N
    RE: Gladstone Brookes and their ilk. Help is at Hand.

    Good evening. I hope this may be of use to someone now or in the future.
    A very good friend of mine had to deal with Gladstone Brookes recently.
    Thankfully another very good friend (Solicitor) Wrote a fantastic letter to help with these situations. As these letters cost quite a sum to write to order, I asked (and am being allowed) to present his Letter for you good people to use as you see fit.

    Please feel free to download the Template we made and amend the details to your needs.
    We have to stop these !!!!!!s continuing the shaft.

    I uploaded it here:
    w*w dot filedropper dot com/template-reclaimingppi-gladstonebrookescomplaint

    (As a new user I know I am not supposed to post links but this is too important an issue to let you miss out on.) If you have any trouble downloading then please email me and I'll gladly send it out to you. I also have it as a PDF file if that's better for some folk.
    My email is free-radical@hotmail.co.uk
    Sorry I am not much good at all the forum stuff; I should be really as I've been using computers for 30 years, oh well always more to learn.

    Hope you can use it.

    Regards, Jeremy.
    Last edited by Jeremy N; 12-07-2012 at 1:49 AM.
  • DICKC
    I would like to know if banks have included PPI to cover themselves in the interest rates they charge on credit card repayments without telling customers?

    I have heard this does happen but have not seen this documented as a legitimate reason to claim for miss sold PPI.

    Guidance would be appreciated.

    Can one also claim for personal loss due to the detrimental impact of those Banks involved in the Libor scandal and even those Banks and other institutions who did not participate but nevertheless all potentially overcharged each client by the interest rates they charged for mortgages and all other types of loan and credit card expenditure?
  • bigadaj
    I would like to know if banks have included PPI to cover themselves in the interest rates they charge on credit card repayments without telling customers?

    I have heard this does happen but have not seen this documented as a legitimate reason to claim for miss sold PPI.

    Guidance would be appreciated.

    Can one also claim for personal loss due to the detrimental impact of those Banks involved in the Libor scandal and even those Banks and other institutions who did not participate but nevertheless all potentially overcharged each client by the interest rates they charged for mortgages and all other types of loan and credit card expenditure?
    Originally posted by DICKC
    Why not give it a go, good luck.
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