Santander PPI

lazza1970

Hi, I'm looking for some advice regarding my PPI claim with Santander. I took out a £10,000 loan with Alliance & Leicester on the 29th November 2006, I was told I had to take PPI cover to get a good interest rate. I made 10 payments of £248, I then settled the balance of approx £9000 on 6th November 2007.
Unfortunately I can't find any paperwork for the loan.
I called Santander 2 weeks ago and they agreed I had been mis-sold PPI. I received an offer yesterday for £301.52.

A. Total monthly premiums paid until October 2007 £105.50
B. PPI rebate adjustment £115.53
C. Statutory interest on A&B until 29 Feb 2012 £ 80.49
D. Total Refund £301.52

I just want to make sure that this a fair offer.
Any help would be appreciated.

Regards,

Larry

dilus

lazza1970 wrote: »

Hi, I'm looking for some advice regarding my PPI claim with Santander. I took out a £10,000 loan with Alliance & Leicester on the 29th November 2006, I was told I had to take PPI cover to get a good interest rate. I made 10 payments of £248, I then settled the balance of approx £9000 on 6th November 2007.
Unfortunately I can't find any paperwork for the loan.
I called Santander 2 weeks ago and they agreed I had been mis-sold PPI. I received an offer yesterday for £301.52.

A. Total monthly premiums paid until October 2007 £105.50
B. PPI rebate adjustment £115.53
C. Statutory interest on A&B until 29 Feb 2012 £ 80.49
D. Total Refund £301.52

I just want to make sure that this a fair offer.
Any help would be appreciated.

Regards,

Larry

Hi Larry,
The figures look reasonable to me, considering you only made payments over 10 months, I would be happy to accept them, well done