Need Help? Fill the form now!

PPI Claims
No Win No Fee


Payment protection insurance or PPI ensures that a lender will get repayment of credit if the borrower dies, falls sick, meets with a disability, loses his or her job or faces any other difficult situation that leaves them incapable of making payments on their loan.

The insurance is sold by banks and lenders to their customers along with other financial products like credit cards, loans and financial agreements.

The borrowers found that although they were the ones making the payment, the insurance policy was completely useless to them if they were self-employed or retired. Banks in the UK admitted in 2011 that a large number of policies had been mis-sold to customers.

They were obligated to inform their customers that they may be able to reclaim their premium payments under certain conditions.

If you have taken out a loan, mortgage or credit card in the past you may have been sold PPI without being informed. Get in touch with our legal experts who can help you claim a refund on mis-sold PPI policy.

PPI Reclaims

Thousands of customers have successfully reclaimed PPI that was sold to them incorrectly. The policies were sold in one of three ways.

  • For many loans, the whole cost of PPI premiums was included in the upfront amount borrowed by the policy holder. The borrower was required to repay the amount over the course of the loan, including interest incurred on the PPI, just like the loan.
  • For other loans, borrowers were required to pay PPI premiums on a monthly basis. This was especially true for mortgage loans.
  • PPI was also sold with credit cards. Card holders were required to make payments for their outstanding debt as well as PPI payment. The premium amount was added to the card balance at the end of the month.

Most borrowers and customers were not informed that the banks and lenders were selling them PPI. Customers never agreed to take on the insurance, which was an extra cost to them. Non disclosure of this information was seen as a key factor in the breach of trust.

Lenders were ordered to inform their customers about the policy and also offer a refund to customers who didn’t want to take out PPI.

It should be noted that there is a deadline to claim compensation for mis-sold PPI. The Financial Conduct Authority (FCA) has set the final deadline for 29 August2019. Don’t wait until the last moment. To make sure you qualify, be sure to file a claim as early as possible.

No Win No Fee

First Law Solicitors has helped many clients successfully reclaim PPI policies that were sold to them without their consent or knowledge. Our PPI claims service is one of the best in the country. We have friendly and professional experts who can guide you on all matters of making a claim and file the process on your behalf.

We are so sure of our success rate that we do not charge our customers the retention fee upfront. Instead, we offer a contingency fee agreement or CFA to our clients. If you lose your PPI claim you won’t have to pay us anything. If you win, we charge a fee of 20% – 25% of the compensation.

It is a ‘No win No fee’ model.With us, you really have nothing to lose!

A Very High Success Record

We have a good success record for claiming back PPI that has been illegally sold to our clients. This is because we look at many factors before making a claim to make sure that you have a high chance of winning.

  • Was it even possible for you to make a claim on the PPI policy?
  • Did the lender inform you that the PPI was optional?
  • Did the lender explain any important limits to what the PPI policy covered?
  • Were you informed about the benefits and costs of PPI?
  • Was it actually good for you to take the PPI policy?

If you suspect that you have been sold PPI without your consent or proper explanation, you can make a claim. Get in touch with our legal experts who can guide you about the process of making a claim for a free assessment today.