(PRWEB UK) 9 September 2011
A Leeds law firm has launched a new service for people seeking to claim PPI compensation from UK banks and other lenders.
Payment protection insurance, or ‘PPI’, is insurance designed to cover loan, finance or credit card payments for those who are made redundant or are too sick to work. Complaints are now being made due to the various mis-selling practices by lenders, agents and brokers that have run rife across the financial services sector for years. The Financial Services Authority (FSA) issued a handbook at the end of last year which identified the most typical mis-selling practices and it also laid down guidelines for lenders to compensate customers who had been mis-sold PPI.
The banks initially challenged the legality of the FSA’s measures, but ended their action in May this year, paving the way for thousands of PPI compensation claims. The FSA has identified a number of common mis-selling practices and those suspecting that their lender was guilty of one of these may be entitled to a full refund of the PPI plus interest.
Martin Nolan a partner at Winston Solicitors LLP commenting about the new service said “There are many claim handling firms offering to assist with PPI complaints but very few are regulated law firms. We have put together a website that provides a wealth of information about PPI claims, including a free downloadable complaint guide. For those who would prefer to have full legal representation, Winston Solicitors are able to offer this. Our firm is regulated by the Solicitors Regulation Authority, thereby guaranteeing professionalism and a very high standard of service”.
Winston Solicitors LLP does not charge any up-front fees or administration charges; all cases are dealt with No win No fee which means the firm does not charge anything unless the claim is successful. It has an excellent pedigree in financial claims, having been prominent in the sector during the recent endowment mortgage mis-selling scandal.
Should you wish to discuss your claim for mis-sold PPI, please call 0845 009 6899 to speak to an advisor. Alternatively, visit the Claims Connection for more information.