mortgages

Mortgage Payment Protection Insurance (MPPI), Mortgage Payment Protection Plan (MPPP), Mortgage Protection Plan (MPP), Mortgage Protection Insurance (MPI), Payment Protection Plan (PPP), Payment Insurance (PI), Mortgage Insurance Plan (MIP), Mortgage Plan (MP) etc etc has been sold alongside Mortgages for over a decade. Borrowers paid for an insurance policy to make sure their Mortgage payments would be covered if they were unable to work.

It seems a great idea, especially when you consider the financial upheavals we have faced with over the last five years. Unfortunately, many thousands of these policies were mis-sold in the same way PPI was mis-sold on Loans and credit cards. Selling Mortgage Payment Protection Insurance was not only profitable for Banks & Building Societies but for sales staff and Brokers who often received massive commission for selling the policies. A problem with paying high bonuses on sales of any product is that rules are often ignored. When the sales become about volume, rather than the client, suitability and criteria tend to be forgotten.

If your case is successful the Lenders must repay all of the Mortgage PPI payments you made plus the interest and, in some cases, potentially 8% interest for each year you had PPI on top.

To find out how much we can help you claim back for your mis-sold Lloyds PPI in 15 seconds CLICK HERE

lloyds ppi news
   Some banks have underpaid £100s during the last three years over £16 Billion has been paid out in PPI compensation.
   Fakes, fraud and forgery in Lloyds PPI selling scandal.
   Lloyds PPI claims pot raised to £11 Billion as pay outs soar.
   During the last three years over £16 Billion has been paid out in PPI compensation
   £22 Billion is set aside by Banks to compensate for PPI.
   Lloyds to announce new £600 Million PPI bill.
   The FCA is forcing lenders re-open over 2.5 Million PPI cases.
   Lloyds axe 9,000 jobs in bid to pay £1.3 Billion PPI bill.
   Four Million more customers may be entitled to PPI pay outs.
   FCA confirm mis-selling PPI bill totals over £352 Million in September 2014 alone.
   Lloyds caught in new PPI storm.
   Lloyds in trouble over PPI again.
   Lloyds accused of short-changing PPI claimants.