ClaimLion Law was founded in 2010 by Negar Yazdani, a lawyer and former banker, to obtain financial redress for consumers for mis-sold financial products and since then, it has successfully collected compensation for tens of thousands of clients from banks and other companies on a range of financial products.
Our litigation specialists, based in London, deliver an exceptional service to clients while facilitating access to justice on a ‘no win, no fee’ basis.
We represent individuals against banks, insurance companies and other large companies in complex litigation. We are the leading law firm in financial mis-selling claims combining our extensive legal knowledge and financial experience to fight for compensation that is rightfully due to our clients.
ARE YOU OWED AN EXTRA £1,612* FROM PLEVIN PPI?
Millions of consumers are now entitled to a second wave of lucrative PPI claims after a series of Court rulings found the product “unfair”.
UK banks sold payment protection policies alongside loans, mortgages and credit cards to cover repayments if the borrower due to illness, disability or redundancy. However, the banks routinely mis-sold this product to people who would not have been eligible to make a claim under the policy, were not aware they were buying it or already had cover. The banks have already paid out £50bn [check] in compensation for mis-sold PPI, making it the largest consumer redress amount in history.
It is less known that banks selling PPI would also receive huge commissions from insurers, sometimes accounting for more than 95% of the cost of the policy. The banks never disclosed these commissions to their customers. The judges in the recent case of Plevin v Paragon at the Supreme Court said that if the banks had informed their customers of the high level of these commissions, it is likely that many customers would not have bought the policy. The Court ruled that where a lender or other provider hid large commissions from a consumer, this created an unfair relationship between the lender and the consumer. Consequently, these consumers are entitled to a refund of the full amount of commission paid plus 8% compensatory interest. If you want to learn more, you can read the full judgment here https://www.supremecourt.uk/cases/docs/uksc-2014-0037-judgment.pdf.
A decision in the Supreme Court has fundamentally altered PPI claims in the UK. The judgement in Plevin vs Paragon Personal Finance (2014) allows customers to bring an unfair relationship claim based on non-disclosure of commissions. Other recent cases have upheld this judgement and previously rejected PPI cases can now be re-opened on this fresh ground of complaint.
The FCA has issued rules and guidance in handling complaints in light of Plevin, which state that customers are automatically entitled to redress for commission above 50%. However, we are able to recover the remaining commission over the 50% tipping point to provide customers with a significant increase in their potential redress.
Are you eligible to make a PPI ‘Plevin’ claim?
High Commission Levels
If your provider, broker or finance company were earning more than a 50% commission on your PPI policy sale?
If you were unaware of the commission being paid on your policy at the time of purchase, even if you were aware of the PPI itself?
NO WIN, NO FEE
* If you cancel your claim after the 14-day cancellation period, you may be liable for any expenses we have incurred on your behalf up to the point of cancellation.
IT’S EASY AS …
Complete your details online
To allow us to complete a Plevin PPI Check with your Lender, please sign your Letters of Authority are signed online. We will provide you with documents to read, fill in, sign and download to complete the online process.
We will contact your lender to review your claim
To see if you are entitled to compensation and where necessary, we will send a Data Subject Access Request (DSAR) to your lender to obtain information on the amounts you have overpaid it. If we find that you are likely to have a potential Plevin PPI Claim, we will send you our Claim Pack.
We will represent you against your lender
We will present your claim to your lender and if necessary, make a claim against it in Court. If we are successful in obtaining your Plevin PPI refund, we will charge you a fee of 40% plus VAT of any settlement refund offered by your lender. All fees are set out in the Claim Pack.
10 years of successful claims
WHAT OUR CLIENTS SAY
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