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  • FIRST POST
    • CurlyTopsMum
    • By CurlyTopsMum 9th Jan 18, 12:40 PM
    • 2Posts
    • 0Thanks
    CurlyTopsMum
    First Time Post - Santander Offer
    • #1
    • 9th Jan 18, 12:40 PM
    First Time Post - Santander Offer 9th Jan 18 at 12:40 PM
    Hi All

    I'm new to posting and am just looking for some help checking if this offer is fair from Santander.

    I think this is based on the Plevin aspect as I have a nagging feeling they paid out on the PPI claim I made in 2011 although the letter states my claim was rejected.

    Here are the figures they have given in the letter.
    A - Refund of excess commission + profit share - £361.51
    B - *Simple Interest on A - £246.06
    C - Difference between settlement figures - £118.58
    D - *Simple Interest on C - £71.63
    E - Total gross simple interest (B+D) - £317.69
    F - Income Tax deducted @ 20% from interest = 20% of E - £63.54
    G - Net Interest - £254.15
    H - Net offer to be paid to you = A+C+G - £734.24

    I know this is a very nice amount to be receiving but we need to have some building work done and this will go a long way to funding the work.

    Thanks in advance for anyones help on this, hope you all have a great day.
Page 1
    • brettcta
    • By brettcta 9th Jan 18, 4:01 PM
    • 3,525 Posts
    • 3,307 Thanks
    brettcta
    • #2
    • 9th Jan 18, 4:01 PM
    • #2
    • 9th Jan 18, 4:01 PM
    it's not based on what's fair, it's based on factual information, so if the sums are right, then the offer is right.
    helpful tips
    it's spelt d-e-f-i-n-i-t-e-l-y
    there - 'in or at that place'
    their - 'owned by them'
    they're - 'they are'
    it's bought not brought (i just bought my chicken a suit from that new shop for £6.34)
    • amersall
    • By amersall 9th Jan 18, 5:08 PM
    • 15,202 Posts
    • 18,793 Thanks
    amersall
    • #3
    • 9th Jan 18, 5:08 PM
    • #3
    • 9th Jan 18, 5:08 PM
    They have given you what they owe you for the commission you paid.

    If you think they did pay you the PPI as mis sold, I would hang fire spending this redress as you do not get a plevin claim if you had the PPI back as this covered the commission, you need to find out.

    If you are a non taxpayer or you have not used up all of your personal allowance, you can claim the tax back from HMRC.

    I would find out if the PPI was actually paid to you first though.

    • CurlyTopsMum
    • By CurlyTopsMum 9th Jan 18, 9:07 PM
    • 2 Posts
    • 0 Thanks
    CurlyTopsMum
    • #4
    • 9th Jan 18, 9:07 PM
    • #4
    • 9th Jan 18, 9:07 PM
    Thanks for the replies, the hubby thinks the PPI was on a different loan from Abbey/Santander.
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