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Should I accept first offer
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AndyA1
Posts: 1 Newbie
I recently received a letter informing me that I had been successful in reclaiming PPI on a NatWest loan. My question is- should one always accept the first offer received?
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Comments
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You won’t get another offer, it’s your premiums plus interest. What more do you think you’ll get?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)3 -
It isnt a haggling competition. The redress calculation is defined by the regulator.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.2
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My answer is that a full refund is a full refund.AndyA1 said: My question is- should one always accept the first offer received?So, while the Bank does indeed make an "offer", it's not an invitation for you to hold out for more. You'll only ever receive a full refund of all the premiums paid plus 8% simple interest, no more and no less...0
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