Are you due a PPI refund from Abbey National? Find out below how Canary Claims can help you reclaim the money the bank rightfully owes you.
The PPI scandal has left thousands of people out of pocket for money they never needed to pay in the first place. Banks and building societies sold Payment Protection Insurance (PPI) on multiple products, such as loans, credit cards and mortgages.
PPI was mis-sold in a variety of ways. Many customers were unaware that PPI was added to products, and were not told that they could opt-out, or felt pressured to buy it. In some cases, the insurance was useless and customers couldn’t even use it, as those who are self-employed cannot use it to claim.
The banks have paid out an astronomical amount of money for PPI compensation, as complaints have flooded in over the past ten years. To date, over £32 billion has been refunded to customers. It has also caused an increasing strain on the Financial Ombudsman (FOS), which has received thousands of complaints and has a backlog of customers to help.
With this in mind, the Financial Conduct Authority (FCA) has announced a deadline for reclaiming PPI. All claims must be submitted by 29th August 2019. If you want to reclaim your Abbey National PPI, now is the time to do it. With just nine months left to start a claim, you should act as soon as possible. Don’t be left out after the deadline strikes.
As one of the best PPI claims companies, Canary Claims can help you get your money back from Abbey National. We offer a no win, no fee PPI policy, meaning you can start your claim for free.
Read below to find out more information and how we can make a claim on your behalf before the PPI claims deadline.
How was Abbey National involved in the PPI Scandal?
Abbey National was one of the many banks involved in the scandal. Santander bought Abbey National in 2004 but is still possible to make a claim. Those with Abbey National accounts will now need to contact Santander about any mis-sold policies.
Due to the PPI Scandal, Santander lost over £650 million in profits in 2011. The Santander Group has suffered immensely from the PPI scandal and has paid out billions of pounds for the mistakes they’ve made. In 2016, the lender set aside an additional £450 million to compensate customers.
What Products Was Abbey National PPI Sold on?
If you bought a mortgage, credit card or loan from Abbey National, you may have been mis-sold PPI, but it may not appear on statements as payment protection insurance. It could be under one of the following names:
- Accident and sickness insurance
- Mortgage protection insurance
- Loan insurance
If you are unsure if PPI was added to your product, this is not a problem. Canary Claims will be able to find out this information for you. As long as you have essential details such as name and address from the time you took out the mortgage, loan or credit card, we can help.
How Can I Claim Back Abbey National PPI?
Canary Claims has contacted Santander on behalf of thousands of customers, so we are happy to claim back mis-sold PPI for those of you who made purchases with Abbey National. It’s not too late to make a claim. With two years left before the PPI deadline, you still have time.
About 22% of consumers thought that dealing with Santander was difficult when it came to making a claim. If you don’t want to deal with the hassle, we’re here to do the whole process for you. Even if you can’t identify PPI, we can investigate any evidence of previous PPI policies. All we need from you is a few simple details such as name, address and any products you may have had with the bank.
We operate on a no-win no-fee basis, meaning that we won’t charge you unless your claim is successful. With the clock ticking until the deadline, we strongly encourage everyone to begin their Abbey National claims as soon as possible.
Offering a super low service fee of 15% + VAT, Canary Claims can start your PPI claim today. Why wait? Call us on 0800 634 8668 or start your claim online.