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PPI CLAIMS DEADLINE
29th Aug 2019

MotoNovo Finance PPI Claim


YOU COULD BE OWED £1,000s IN PPI COMPENSATION FROM MOTONOVO FINANCE


Getting a loan from banks and other lenders to fund big purchases like buying a car has become a common form of financing over the 30 years. Many consumers were also sold PPI with their car finance agreements and may have been mis-sold PPI from finance providers such as MotoNovo Finance.

Grounds on which PPI may have been mis-sold by MotoNovo Finance

  • You were unaware that you were being sold the PPI Insurance by MotoNovo Finance.
  • MotoNovo Finance did not check if you had any exclusions that made it impossible to claim on the PPI policy.
  • MotoNovo Finance told you the PPI purchase was compulsory at the point of sale.
  • You did not realise you already had this type of insurance cover as part of you employment or another policy.
  • You believed you were sold the wrong insurance product by MotoNovo Finance.
  • You were self-employed, unemployed or retired at the time of taking the motor finance.
  • You had pre-existing medical conditions which meant you could not claim on the PPI policy.
  • MotoNovo Finance have already been fined or are facing PPI enquiries.
  • MotoNovo Finance advised that you must buy a policy from the same provider as the loan, to be accepted for the motor finance.

What Do I need to Start My PPI Claim with MotoNovo Finance?

Start by finding your paperwork with evidence of mis-sold PPI. You will need this to make a claim. If you no longer have the paperwork, don’t worry we can find out if you had PPI on this or on any previous finance products and/or accounts.

If you notice that your account had PPI attached to it, think back to when it was sold to you. Can you remember when or why you agreed to it? Were you informed that it would be added?

If you can’t remember please don’t worry as this can be done during the PPI check with MotoNovo Finance.

How to start your PPI claim with MotoNovo Finance?

Please Note: The PPI deadline (29th August 2019) set by the FCA has now passed and we are no longer accepting any new PPI claims.

PPI DEADLINE FAQ’s

Is There Any Leeway In Deadline Timing?

No – the deadline is absolute. If the claim is not properly logged with the lender before midnight on August 29th it will be officially time-barred.

I already have a case(s) going through with you, what will happen to them?

The deadline is for new claims only. All existing claims will be investigated and decided normally.

I have had a case with FOS through you for ages – what will happen to it now?

All FOS investigations of current claims will be unaffected by the deadline. It is for new claims only.

Will the deadline cause any delays in my case?

No – existing cases will be processed as normal with a final decision expected within 8 to 16 weeks of acknowledgement of the claim by your lender.

What if the bank wants more information?

A request for further information from the bank means that it has been accepted and is under investigation. The usual timescale of 8 to 16 weeks for a decision will still apply.

Why is there a deadline?

The deadline was set in place by the Financial Conduct Authority (FCA), which is the UK’s financial regulator. It’s chief executive, Andrew Bailey, said at the time: “Putting in place a deadline and campaign will mean people who were potentially mis-sold PPI will be prompted to take action rather than put it off. We believe that two years is a reasonable time for consumers to decide whether they wish to make a complaint.”

“We have carefully considered the feedback we received and we still believe that introducing a deadline for PPI complaints and a communications campaign warning of the deadline will benefit consumers.”

What happens after the deadline?

The deadline is for new claims only. If your claim has already been lodged with your lender then it will be fully investigated.

What happens if my case is rejected by the lender?

If your claim is rejected then it will be passed to our specialist team who will evaluate the terms of the rejection to see whether an appeal to the Financial Ombudsman Service (FOS) might be possible and advise you of their findings.

Plevin Ruling – Making a High Commission PPI Claim with MotoNovo Finance

If you have raised a previous PPI complaint with MotoNovo Finance which was not upheld, you are now be entitled to raise a further complaint relating only to the commission charged under the new Plevin ruling on your PPI policy. Read more about High Commission PPI Claims.

Other Car Finance Providers facing PPI Claims

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ALD Automotive PPI Claim

Blue Motor Finance PPI Claim

BMW Financial Services PPI Claim

Carlyle Finance PPI Claim

First National Motor Finance PPI Claim

First National Wagon Finance PPI Claim

Ford Credit PPI Claim

Hitachi Capital PPI Claim

Honda Finance PPI Claim

Lexus Financial Services PPI Claim

Northridge Finance PPI Claim

Paragon Car Finance PPI Claim

PSA Finance UK PPI Claim

Redline Finance PPI Claim

Santander Consumer Finance PPI Claim

Secured Barclayloan PPI Claim

Toyota Financial Services PPI Claim

Welcome Finance PPI Claim

Vauxhall Finance PPI Claim

IMPORTANT NOTICE!

WE ARE NO LONGER ACCEPTING NEW PPI CLAIMS!

The PPI deadline has now passed and we are no longer accepting any new PPI claims.

Please be assured, if you have already enquired about a PPI Claim with Money Management Team Limited we are processing your enquiry and will update you as your claim progresses. If you need an update in the meantime, please contact us.

You can pursue your own claim direct to the firm to obtain a refund. You can do this for yourself at no cost and then use the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) which are both FREE.

£Millions Remain Unclaimed!

Important Information


Your PPI Claim starts with a Free PPI Check service.
Our PPI Claim fee of 20% + VAT (so 24% of the total redress offered by your lender) is payable if your claim is successful. That means if we don’t recover you anything, you don’t pay us a penny.

You can submit a claim directly to the lender yourself for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free to review your case, providing it falls within their remit and you have approached your lender first.

Providers Facing PPI Claims

UK Expats & Non-British Nationals

Expat PPI Claim

Did you have a loan, credit card or mortgage in the UK between 1988 and 2014? As a British Expat or Non-UK National who has lived in the UK for a long period, it is likely that finances were arranged while you were a resident in Britain. This may include loans, mortgages or credit cards and, even though you are no longer living in the country you can still claim mis-sold PPI. You could be eligible to claim for mis-sold PPI!

Public Sector & Healthcare Workers

Public Sector PPI

For many public sector workers, the Payment Protection Insurance (PPI) they were sold was useless. However, for some of these workers it would not have been useless, depending on the policy type and cover it provided them with.

If you had PPI and it provided you with extra cover that hadn’t been included in your employment contract, then it may have been useful for you.

Our Fees

Your PPI Claim starts with a Free PPI Check service. Our PPI Claim fee of 20% + VAT (so 24%° of the total redress offered by your lender) is payable if your claim is successful. That means if we don’t recover you anything, you don’t pay us a penny