Reclaim your Hadenglen Home Finance PPI - Payment Protection Insurance Claims

In September 2007 The Financial Services Authority (FSA) fined both Hadenglen Home Finance Plc (Hadenglen) £133,000, and its chief executive £49,000, for inadequate systems and controls when recommending re-mortgages and Payment Protection Insurance (PPI) to customers. This is the first time the FSA has fined both a firm and its chief executive for re-mortgage and PPI failings.

Mr Hayes failed to ensure that the sales practices for PPI were adequate and did not gather sufficient information from customers or take into account the cost of PPI when making a recommendation. PPI customers were advised to purchase a product that may not have been suitable for their needs or under which they were not able to claim.

Margaret Cole, FSA Director of Enforcement, said:

"PPI has been a priority for the FSA since general insurance regulation began and it continues to be a priority for us. This is the first time we have taken action against a chief executive for PPI selling failures. The significant fines imposed on both Hadenglen and Mr Hayes reflects the seriousness of their actions."

The FSA found that Hadenglen exposed approximately 1,900 PPI customers to an unacceptably high risk of being sold a product which was not suitable.

Unfair PPI agreements affect many of the UK population.  Now you can do something positive and fight back with no upfront fees to pay.

Payment Protection Insurance is a product that is offered with nearly all credit agreements and there are many reasons why your claim may be a valid one.

• Have you been miss sold Payment Protection insurance (PPI)?
• No upfront charges
• Our solicitors charge 20% of recovered monies
• If successful claimants in default can apply to have their defaults and CCJ’s removed from their credit history.

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