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ppi reclaim offer

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So after a long drawn out battle with Nram we have now been made an offer on the ppi that was mid sold on our mortgage:j

We have been paying £100 a month for over 7 years so as you can imagine it has added up. But how do you know if the offer they are making is a fair one ?

We have done this all ourselves and have no idea what's right. Does anyone know ?

Appreciate any feedback

Much kindness

J

Comments

  • dunstonh
    dunstonh Posts: 119,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    We have been paying £100 a month for over 7 years so as you can imagine it has added up. But how do you know if the offer they are making is a fair one ?

    Because the redress method is defined. A refund of premiums paid plus interest (minus any amount paid out on a claim or rebate)
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • joow
    joow Posts: 2 Newbie
    Thanks. Do you know how the interest is calculated ??
  • societys_child
    societys_child Posts: 7,110 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    8% simple (less 20% tax)
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