Mis-sold Payment Protection Insurance Claims:

You may have a claim - PPI

You may have seen in the news recently that thousands of people have been mis-sold insurance with their loans. These policies are often expensive and have little or no benefit to the individual. Many people do not even realise that an insurance policy has been added to their loan. Are you one of the thousands who has been a victim of mis-selling?

Maddersons offer representation on a “No Win No Fee” basis so there are no up front fees and our experienced team of Solicitors are happy to advise you regarding any potential claim you may have, without the need for you to attend our offices.

How have these policies been mis-sold?

There are various reasons which could mean that a policy has been mis-sold. Some of these reasons include;

• The insurance premium is added to a Loan without the individual’s knowledge!;
• When an insurance premium is added to a loan, interest is normally payable on the premium aswell as on the loan amount borrowed. This is rarely explained and means that individuals are misled to believe that the cost of the insurance is far less than it actually is!
• The individual is led to believe that the insurance insures them for the full term of the loan when in fact they are only insured for 5 years. After the 5 years, many individuals believe that they are insured but they are not!
• Where there is a joint loan, only one of the individuals is insured.

If you have been mis-sold an insurance policy with your loan, you will be entitled to a refund of the insurance premium, plus all interest payable on the insurance.

How do I see if I have a claim?

To find out whether you have a claim contact us now by e-mail at or alternatively, feel free to call us and request your questionnaire and free assessment today.

If you are a victim of mis-selling, one of our experienced Solicitors will be happy to advise you of your options and the next steps for recovering compensation.