Natwest Bank LOAN Plevin PPI ClAIm

IT'S NOT THE END OF THE PPI CLAIMS

PPI has been the biggest financial mis-selling scandal in the world, in which a staggering £38 billion was given back to consumers for mis-sold PPI in compensation by banks & finance providers before the 2019 PPI deadline. However, even after this the PPI scandal is far from over!

The good news is that you can still make new PPI Claims under a new ruling but this time its for undisclosed high commission. This type of PPI claim is separate to the PPI redress scheme that ended in 2019 and is based on the amount of commission you were charged on your PPI policy.

Potter v Canada Square - Latest ruling April 2021

The case of Canada Square Operations Limited v Beverley Potter [2020] brought a degree of clarity to the issue of limitation points in Plevin Litigation. This judgment was welcomed by law firms, claims management companies and claimants alike as it strengthened the claimants’ argument that these claims should not have a limitation period applied to them due to the concealment of PPI commission levels. This meant that claims are no longer confined to a six-year limitation period from when your credit card/loan/mortgage or other finance ended.

Potter v Canada Square Ruling - April 2021

About Natwest

NatWest Bank has been part of the Royal Bank of Scotland group since 2010 and has more than 7.5 million customers using it for personal banking, as well as 850,000 customers who utilise its banking services.

NatWest Group is a relationship bank for a digital world. They have customer base of around 19 million people, including families and businesses that they serve throughout the UK and Ireland with banking services.

Customers of NatWest have access to a wide range of borrowing options, as they offer a wide range of loan options, for virtually any purpose imaginable. Their interest rates and terms vary depending on the loan amount and what the loan is to be used for.

PPI was often sold with loans and with the average commission charged at 67%, you may also have been charged a high level of commission on your PPI premium(s). If this wasn't disclosed you could be entitled to make a claim for compensation under a ruling known as the 'Plevin' ruling as this constitutes an unfair relationship. However before making any claim for commission, it is important to find out the level of commission you were charged on your PPI policy premium(s).

What is Plevin PPI?

Plevin refers to a Supreme Court case from November 2014 where Mrs Susan Plevin brought a case against Paragon Personal Finance Ltd regarding her PPI policy. The claim was centred around the commission charges on a PPI policy that Mrs Susan Plevin was sold to cover a secured loan from Paragon.

Mrs Plevin later discovered that in small print of the terms and conditions of the PPI policy that a whopping 71.8% of her premium was the amount of commission she was charged by the lender. She alleged that this was unfair and unclear and took Paragon to court and the case went up to the Supreme Court.

The Supreme Court agreed with Mrs Plevin and her lawyers, and determined that the sale of the PPI policy was unfair because of the following reasons:

The commission payment was not disclosed;
The high percentage of the PPI premium that was paid as commission.

This decision set precedent for a new category of PPI claims, and opened the floodgates against banks and other finance firms who had sold PPI to their customers.

How is Plevin different to mis-sold PPI?

Originally the PPI scandal was focused on the mis-selling of PPI and whether the policy was suitable or not at the point of sale. however a Plevin PPI claim's focus is on whether Natwest took a high-level commission from your PPI premium without telling you about it. If the commission was hidden, or the commission was unfairly high, then this is deemed to be an unfair relationship between the lender and borrower and is eligible for compensation claim.

Plevin claims are based on a completely different area of law, namely the Consumer Credit Act 1974, so they are not subject to the FCA's PPI deadline, hence claims are still being processed today.

Claiming under the Plevin ruling

You could be eligible to make a claim if:

Your PPI policy was open after 6 April 2007;
You have not previously complained about Mis-sold PPI to Natwest;
Your PPI Claim was previously rejected by Natwest;
Natwest only refunded you for the “Plevin only” part of your PPI (also known as a “tipping point offer”)
The Plevin ruling means that if more than 50% of your PPI’s cost went to hidden commission to the lender, or the lender and the broker combined, and it was not sufficiently explained to you, you are due compensation.

Had PPI with your Natwest Bank Loan?

A recent ruling means simply being sold payment protection insurance (PPI) means you're potentially a victim of a mis-selling. Although the PPI deadline has now passed you could still claim PPI compensation from Natwest. Find out how below.

Natwest Loans were one of the many firms involved with the mis-selling of PPI with loans. You may have been offered PPI when you took a loan with them. PPI insurance was designed to cover payments if you were unable to because of an accident, sickness, involuntary unemployment or your death.

With the Plevin ruling and subsequent landmark court cases that have come to light, thousands of people who initially thought they were not eligible to claim may now be eligible to make a claim. This is why so many of Natwest customers are checking their accounts to find out if they had PPI and whether they could be eligible to make to commission claim under the Plevin ruling.

How we can help with your Natwest Plevin Claim

MoneyPlus Legal is a Plevin PPI Claims specialist, whose core focus is on helping consumers who were sold PPI to use all available and possible options to obtain a legal remedy for compensation of undisclosed & high commission from the finance provider. If you’re unsure whether you are eligible to make a claim under the Plevin ruling please don't worry as MoneyPlus Legal will always conduct a full review of all your PPI credit agreement(s) to establish whether there is a case for unfair relationship.

MoneyPlus legal will use their specialist 'Plevin' PPI claims experience to investigate, negotiate and settle any claim as quickly as possible. Our Plevin PPI Check and claim service is simple and completed on a no win no fee basis and you will be kept informed throughout the claim process.

Natwest Bank LOAN Plevin PPI ClAIm

IT'S NOT THE END OF THE PPI CLAIMS

Potter v Canada Square - Latest ruling April 2021

About Natwest

What is Plevin PPI?

How is Plevin different to mis-sold PPI?

Claiming under the Plevin ruling

Had PPI with your Natwest Bank Loan?

Ready To Get Started?

MoneyPlus Legal Plevin PPI Service:

How we can help with your Natwest Plevin Claim

Our Plevin Claims Process

Step 1

Start Your Free
Plevin PPI Check

Step 2

Sign & Return Our Pre-Filled Forms

Step 3

Your Plevin Claim Eligibility Checked

Other Loan Providers who Sold PPI

Natwest Bank LOAN Plevin PPI ClAIm

IT'S NOT THE END OF THE PPI CLAIMS

Potter v Canada Square - Latest ruling April 2021

About Natwest

What is Plevin PPI?

How is Plevin different to mis-sold PPI?

Claiming under the Plevin ruling

Had PPI with your Natwest Bank Loan?

Ready To Get Started?

MoneyPlus Legal Plevin PPI Service:

How we can help with your Natwest Plevin Claim

Our Plevin Claims Process

Step 1

Start Your Free Plevin PPI Check

Step 2

Sign & Return Our Pre-Filled Forms

Step 3

Your Plevin Claim Eligibility Checked

Other Loan Providers who Sold PPI

FORM MAINTENANCE NOTICE

The contact form is currently under maintenance – please try again later

Potter has the potential to impact on all types of credit claims!

Potter v Canada Square Case

What the press said?

Start Your Free
Plevin PPI Check