Blackstone PPI Reclaims

Latest Wins:

  • Mr Kelly won £18,166 from Lloyds TSB
  • Mr Little won £12,659 from Halifax
  • Mr and Mrs Doe won £3,252 from Cheltenham and Gloucester



What is Payment Protection Insurance?

Payment Protection Insurance (PPI) is an insurance policy designed to cover your monthly finance repayments in the event of you being unable to pay.

Why can you Claim it Back?

Due to mis–selling and negligent sales practices by the banks and insurance companies you can now claim back those premiums and any associated interest together with financial compensation.

To date, millions have been mis-sold Payment Protection insurance with loans, mortgages or credit cards.

Were you advised at the time you were given the loan/credit that taking out the PPI was compulsory and you would only receive the loan if you agreed to take PPI as well?

Was PPI added to your loan without your knowledge?

Did you already have an insurance policy that covered you during period in which you were paying PPI?

Did you consent to PPI without being advised of the specific nature, need and applicability of the product?

If your answer is yes to any of the above questions then you may be entitled to compensation from your lender and in some circumstances if the PPI was mis-sold then entire loan may be declared unenforceable by a court. Using our expert knowledge we can smoothly facilitate the reclaim process.

If you have taken out a loan or credit card, it is likely you'll have payment protection insurance. Many of these policies were mis-sold, which means that you may be entitled to claim compensation. If you are unsure of whether PPI was sold as a part of your policy, we can institute the necessary checks to find out whether or not PPI was sold with your loan.

We charge no up front fees for our PPI claims service so get in touch today.

How much Can you Claim Back?

This is dependent on the sum of your loan. However, we do aim to recover a refund of all premiums paid towards the payment protection insurance policy. If your policy was purchased as a single premium added to the loan balance, we will also request any contractual interest you have paid on the loan for the policy. In all cases we will also request interest on payments made to compensate you for the loss of money. Such interest is charged at 8% per annum on each payment made.

If the loan and policy are ongoing, we will also request a cancellation of your policy which should result in lower future repayments.

How much does it cost to claim back PPI?

For us to initially assess your claim for mis-sold Payment Protection Insurance (PPI), we do not charge a fee.

When assessing your mis-sold PPI claim, we will need to write to the lender who sold the PPI policy to obtain information about the policy sold to you, to do this we will may be charged a Subject Access Request (SAR) fee of £10.00, which we will pay on your behalf.

We do not charge any upfront fees. We operate on a no win, no fee basis. Please be aware of many alternative companies who charge up-front administration fees, before they have even started the process to claim back on your behalf.

If your claim for mis-sold PPI is successful, we will charge a fee of 25% plus VAT of any financial benefit you receive. For example, if we obtain an offer of £1000 compensation, our fee would be £250 (excluding VAT at 20%, so your total payment to us would be £300 and you would receive £700 compensation)

Can the banks use the claim money to pay off my arrears or outstanding debts?

Yes, if you are in arrears or have an outstanding debt with your loan or credit card provider they may use your compensation to clear any money you owe them. In this instance, you will still be liable to pay our fee of 25% plus VAT so you should bear this in mind when commencing a claim. The table below will illustrate your financial redress where moneys have been used to offset your arrears.

Will I be charged if my claim fails?

Certainly not. If we are unsuccessful, we will not charge for any work undertaken.

How Long Will It Take?

On average, a claim will take around 12 weeks, though some cases have been known to take as little as 4-6 weeks.

Can I do this Myself?

Consumers may wish to communicate directly with banks in order to reclaim their PPI, but most of our clients are unaware of the specifics of the claim management process, and dont want to get bogged down in long, protracted correspondences with their lenders which could be further complicated by having to make complaints to the Financial Ombudsman or FSC.

By using Blackstone PPI's expert caseworkers we take the work off your hands, facilitating the process by handling all correspondence and case management on your behalf, allowing for a stress-free, professional, efficient and simple solution to getting your money back.

Furthermore, we can quantify any offers received from your bank to ensure you are getting the sum that you are entitled to.

How do I get started?

Visit the CLAIM NOW section to start our quick and easy process, or call 0800 4402250 to speak to an advisor today!

Blackstone PPI is a trading name of Blackstone Claim Management regulated by the Ministry of Justice in respect of regulated claims management activities, its registration is recorded on the website (CRM29756) Registered as a company in England & Wales Registered office 46 Aldgate High Street London EC3N 1AL