Reclaim your Regency Mortgage Corporation PPI - Payment Protection Insurance Claims

In October 2006 the Regency Mortgage Corporation was the first agency to be fined by the Financial Services Authority (FSA) for the mis-selling of payment protection insurance (PPI). Regency was fined £56,000 for selling policies to people who did not require them or could not claim them.

The FSA’s findings showed that Regency did not treat its customers fairly and also failed to organise and control its business effectively.  Regency were found to have mis-sold many policies, this was mainly as a result of insufficient information collation during a PPI sale and inevitably failing to ensure its recommendations met customers' demands and needs.

In a number of cases customers were sold a policy for which they already had cover or were sold a policy under parts of which they were unable to claim. Regency's breaches were particularly serious because as a specialist in the "Right to Buy" market, its customer base consists primarily of customers who traditionally have limited financial means and access to credit.  

The risks for Regency’s consumers were found to be unacceptably high and particularly so for "Right to Buy" customers where PPI was purchased to protect the family home. Consumers potentially risked losing their family homes to repossession if the recommended policy was found to be suitable for their needs and ineligible for a claim.

Source: FSA

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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