Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • CurlyTopsMum
    • By CurlyTopsMum 9th Jan 18, 12:40 PM
    • 2Posts
    • 0Thanks
    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
    • 3,528 Posts
    • 3,313 Thanks
    • #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
    • 15,259 Posts
    • 18,860 Thanks
    • #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
    • #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.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,596Posts Today

8,920Users online

Martin's Twitter