Al Rayan Bank Mortgage Plevin PPI Claim

Al Rayan Bank Mortgage Plevin PPI ClAIm


Mis-selling of payment protection insurance (PPI) is by far the U.K.’s biggest financial scandal. Banks and finance lenders forked out around £38 billion in compensation to consumers before the PPI deadline expired.

Although the deadline for complaining directly to a business about mis-sold PPI expired in August 2019, millions of consumers are still able to make claims for new and previously rejected claims through a court under the 'Plevin' ruling. This new type of claim category is completely separate to the PPI redress scheme that ended in 2019 and concerns the amount of commission that was charged on the PPI policy premium(s) by the finance provider.

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 was judgement 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 deliberate concealment of PPI commission levels. This meant that the claims are no longer confined to a six-year limitation period.

Potter v Canada Square Ruling - April 2021

About Al Rayan Bank

n 2004, the Islamic Bank of Britain was created, before being renamed the Al Rayan Bank in 2014 after it was purchased by Masraf Al Rayan, one of the largest Islamic banks in the world.

It is the first British bank to operate entirely according to Islamic principles, but is not limited to Muslim customers. Islamic law dictates that paying interest is wrong, and therefore provides a range of mortgage products more tailored to Muslim needs.

Al Rayan Bank provides Sharia compliant savings, finance and current account services to over 90,000 personal, business and premier customers and was the first Islamic bank in the UK to receive a public rating. The Bank has an Aa3 rating from Moody's Investors Service (Moody’s), one of the leading global ratings agencies.

Rather than interest on their mortgage, customers pay rent. It is essentially a joint ownership agreement, where the more rent is paid, the larger the share of the property belonging to the customer, allowing customers to eventually own the property themselves.

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:

  1. The commission payment was not disclosed;
  2. 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 Al Rayan Bank took a high-level commission from your mortgage PPI premium(s) 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 Al Rayan Bank;
  • Your PPI Claim was previously rejected by Al Rayan Bank;
  • Al Rayan Bank 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 Al Rayan Bank Mortgage?

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 Al Rayan Bank. Find out how below.

Al Rayan Bank were one of the many firms involved with the mis-selling of PPI with their mortgage products. You may have been offered PPI when you took a mortgage 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 Al Rayan 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.

Ready To Get Started?

If you believe you could be eligible to make a commission claim under the Plevin PPI ruling please start a FREE PPI Check with MoneyPlus Legal. They'll check your Al Rayan Bank mortgage agreement and contact them to find out if you have a valid claim.

MoneyPlus Legal Plevin PPI Service:

  • 100% free - No obligation Plevin PPI check
  • Operates on a No-Win, No Fee Basis*
  • Require No Upfront Fees
  • Fully Regulated by the SRA

Find out if you are eligible to make a high commission claim under the new ruling by starting a Free Plevin PPI Check with MoneyPlus Legal.

How we can help with your Al Rayan Bank Mortgage 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.

Our Plevin Claims Process

Step 1

Start Your Free
Plevin PPI Check

MoneyPlus Legal will call you to discuss your potential claim, confirm some details & explain the next steps to progress your claim.

Step 2

Sign & Return Our Pre-Filled Forms

MoneyPlus Legal will send out a claim pack with letter of authority to sign & return back so they can start your Plevin PPI check.

Step 3

Your Plevin Claim Eligibility Checked

MoneyPlus Legal will contact the lender(s) to ascertain how much commission was charged on your PPI policy & eligibility for a refund.

Find out if you are eligible to make a high commission claim under the new ruling by starting a Free Plevin PPI Check with MoneyPlus Legal.

Other Mortgage Providers Who sold PPI:

Abbey National Mortgage Plevin PPI Claim

Accord Mortgages Plevin PPI Claim

Ahli United Bank Mortgage Plevin PPI Claim

Alliance & Leicester Mortgage Plevin PPI Claim

Bank of China (UK) Mortgage Plevin PPI Claim

Bank of Ireland Mortgage Plevin PPI Claim

Bank of Scotland Mortgage Plevin PPI Claim

Barclays Bank Mortgage Plevin PPI Claim

Barnsley Building Society Mortgage Plevin PPI Claim

Bath Building Society Mortgage Plevin PPI Claim

Beverley Building Society Mortgage Plevin PPI Claim

Britannia Mortgage Plevin PPI Claim

Buckinghamshire Building Society Mortgage Plevin PPI Claim

Cambridge Building Society Mortgage Plevin PPI Claim

Central Trust Mortgage Plevin PPI Claim

Chelsea Building Society Mortgage Plevin PPI Claim

Cheltenham & Gloucester Mortgage Plevin PPI Claim

Chorley Building Society Mortgage Plevin PPI Claim

Coutts & Co Mortgage Plevin PPI Claim

Coventry Building Society Mortgage Plevin PPI Claim

Cumberland Building Society Mortgage Plevin PPI Claim

Danske Bank Mortgage Plevin PPI Claim

Darlington Building Society Mortgage Plevin PPI Claim

First Direct Mortgage Plevin PPI Claim

Halifax Mortgage Plevin PPI Claim

HSBC Mortgage Plevin PPI Claim

Lloyds Bank Mortgage Plevin PPI Claim

Lloyds TSB Mortgage Plevin PPI Claim

M&S Bank Mortgage Plevin PPI Claim

Nationwide Mortgage Plevin PPI Claim

NatWest Mortgage Plevin PPI Claim

Royal Bank of Scotland Mortgage Plevin PPI Claim

Santander Mortgage Plevin PPI Claim

TSB Bank Mortgage Plevin PPI Claim

Ulster Bank Mortgage Plevin PPI Claim

Yorkshire Bank Mortgage Plevin PPI Claim

Yorkshire Building Society Mortgage Plevin PPI Claim

Find out if you are eligible to make a high commission claim under the new ruling by starting a Free Plevin PPI Check with MoneyPlus Legal. is a trading style of MoneyPlus Legal. MoneyPlus Legal is authorised and regulated by the Solicitors Regulation Authority. SRA Number 428794.
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Your lender may have charged unfair commission on your PPI policy, incorrectly rejected your PPI claim previously, or miscalculated your redress payment and you may be due a refund. To find out if you are eligible to reclaim under the Plevin ruling, complete your contact details below & we'll be in touch to start your no obligation Plevin PPI check.


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Latest PPI Commission Claim Ruling

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

A new PPI court ruling in April 2021 revealed how the banks used YOUR MONEY to earn hefty commissions for themselves.

Strangely, they forgot to mention the secret commissions they kept when the original PPI rulings came out.

Now the courts have said that any commission they have earned by selling PPI policies is potentially YOURS.

This ruling saw the complainant awarded £7,953.53 in compensation for the commission alone. This includes fees and interest that accrued over the years.

And it’s estimated that other people who had PPI policies will be owed from £1000s in compensation.

Potter v Canada Square Case

In Potter v Canada Square, the Lender [Canada Square Operations Ltd, formerly Egg Banking plc] accepted that the non-disclosure of commission caused unfairness in the relationship; however, it defended the claim on the basis that it was issued outside the widely accepted six-year limitation period.

Mrs Potter’s legal team invoked Section 32 of the Limitation Act 1980, which extends the limitation period due to the deliberate concealment of commission levels by the lender.

Read the Canada Square Operations Limited v Beverley Potter judgement  [2020] EWHC 672 (QB)

What the press said?

Millions more customers can now make new PPI claims – could you get up to £40,000?

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What is Mortgage Payment Protection Insurance (MPPI)?

PPI was sold alongside a range of financial products including mortgages between late 80’s and 2010.

Mortgage payment protection insurance  (or ‘MPPI’) allows you to continue paying off your mortgage if you are no longer receiving a secure income. PPI  was attached to loans and other forms of credit such as mortgages, credit cards. catalogue accounts and even overdrafts. It was sold on to both consumers and businesses. With over 60 Million consumers sold Payment Protection Insurance there is significant change you could have been sold PPI if you took out a mortgage.

Even though the PPI claims deadline for mis-sold PPI has now passed, you can still check if there was commission paid to your bank or lender when you got your mortgage that you were not made unaware of by your bank or lender.

PPI took many different names so its well worth checking your mortgage statement, these include:

Accident, sickness and unemployment insurance (ASU)
Account cover
Credit insurance
Credit protection
Loan care
Loan insurance
Loan protection
Loan repayment insurance
Mortgage protection
Mortgage insurance
Mortgage repayment insurance
Mortgage payment protection insurance (MPPI)
Payment cover
Protection plan

Even though the PPI deadline has now passed, you can still check with your bank or lender if a high commission was paid to them with your policy premiums under Plevin ruling.  With around 64 millions policies sold between 1990 and 2010 there is a significantly high chance that you are eligible for a refund.

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