Reclaim Mis Sold PPI Against Northern Rock

Reclaim Mis Sold PPI Against Northern Rock

If you have ever had a loan mortgage or credit card with Northern Rock, then there is a significant chance that you have been mis-sold PPI on your borrowing.

Northern Rock aggressively sold PPI on all of their borrowing products, especially after they decided to de-mutualise as a building society in the 1990’s. Being a smaller bank it was perceived that they would soon be swallowed up quickly, by one of the big players. Northern Rock had other ideas though and they tried to prove that they could grow quickly and organically. This gave way to a sell, sell, sell culture where advisors were heavily incentivised to sell PPI on loans, mortgages or credit cards. At one point Northern Rock using this strategy launched themselves into FTSE 100 and became was one of the top five mortgage lenders in Britain.

Much of the growth, came out by offering their famous 125% mortgage. Known as a “Together Mortgage,” it allowed homeowners on a purchase or re-mortgage to borrow up to 125% of the value of their property. Of this 95% was secured on the house and the other 30% an unsecured loan. Take one of these and or indeed, any type of Northern Rock mortgage and you were pushed into buying “Paysafe” cover. Not only that, any time you wanted to secure more borrowing on your mortgage, you were pushed to take yet another “Paysafe” policy. We have seen a number of these being taken by customers to cover the borrowing on just one house and overall mortgage. A ridiculous money-making practice.

Take a mortgage through a broker and even they were incentivised to sell you “Paysafe.” Typically sign up day one, for 3 months free cover and the broker would bank a tidy £100 fee – for just a signature! Northern Rock were a broker’s dream. You even had a box on the mortgage application to apply for a cheap rate credit card. Then came the barrage of calls from Northern Rock convincing you that you needed some of that PPI to cover the debt.

Northern Rock were also big on personal loans. Back in the early 2000’s they offered huge unsecured loans, with the emphasis on getting these protected by big single premium policies added to the loan from the outset. The most expensive way to buy a PPI policy.

By the end of 2007, the sales machine simply ground to a halt. Northern Rock could no longer borrow money in the marketplace and no longer sell on it’s tranches of mortgage debt, as was their modus operandi. Nationalisation, followed in 2008.

At Beat the Banks, we are experts on recovering your full lending records from the former Northern Rock and their PPI insurers. All our claims experts are former bank lending managers too. Our aim is to give every single claim, the very best possible chance.

If you think you have been mis-sold PPI by Northern Rock, we are here to help and remember, not having old records doesn’t mean it’s impossible to claim. That’s our job. To find out more about how we can help you reclaim from mis-sold PPI on your Northern Rock loan, credit card or mortgage, simply give our team a call on 01382 200474 of for free on 0800 193 1234.

Northern Rock And PPI, The Facts

Was the PPI cover pushed by Northern Rock for mortgages & secured loans.

Their famous 125% mortgage. Known as a “Together Mortgage,” Take one of these and or indeed, any type of Northern Rock mortgage and you were pushed into buying “Paysafe” cover.

Time is running out to make a claim against Northern Rock for mis-sold PPI, the time to act is now.

From Our Clients

  • “Huge thank you to the team. After attempting to claim PPI myself and getting absolutely nowhere, I got Beat the Banks involved and ended up getting  £12,000. What a result. Beat the Banks made it so easy and were committed right to the end.”

    Shona, Dundee
  • “From previous experience of PPI claim companies, I was a bit dubious if anyone could help me but I thought I would try Beat The Banks. To say I am pleased with the service and conclusion to my claim is an understatement. Beat the banks and my claim handler in particular handled all aspects of the claim from Clydesdale Bank with professionalism, courtesy, and efficiency to secure a positive result on my behalf. I would certainly recommend the services of Beat the Banks to anyone who thinks they have PPI claim, especially with the Clydesdale Bank.”

    Mr A McQuillian
  • “Down entirely to Mike’s hard work, we previously had a successful claim with Clydesdale Bank. Mike was convinced we had more loans with PPI and he was relentless in efforts to recover our paperwork from the bank. Finally, after many attempts, enough records were recovered to submit several claims. We have now received much more compensation, covering loans going back many, many years. If it had not been for Mike and the team at Beat the Banks this would never, ever have happened. Literally, all we did was sign our name and bank the cheque.”

    T & A, Dundee
  • “I was apprehensive about using a company to claim my PPI as I had previously responded to a “cold call” and was pestered with calls. I heard about Beat The Banks on a local radio station and because they were based in Scotland I felt comfortable approaching them. I have had a very positive experience with Beat The Banks. They are not pushy and answer any queries timeously. All the Agents I have spoken to were knowledgeable, polite and friendly. After the initial information gathering conversation, they understood my needs and just got on with my claim. No hassle. Even when it was clear that my claim was of a relatively low value they processed without delay. I would definitely recommend using Beat The Banks …. they put all the other companies out there to shame.”

    Mrs S, Falkirk
  • “Excellent service so helpful, I received a substantial sum back that I had no idea I was due, thank you again to Beat The Banks especially to Gary who was so helpful and efficient in every way.”

    Mrs M, Elgin
  • “We had no paperwork but £52,500 reasons to say thank you, we are now living our Spanish dream! Exceptional service.”

    Dave & Linda , Dundee
  • “Have just found out I have won all my cases with the bank, going back many years and been awarded compensation of just over £15,000!”

    Mr S, Dingwall
  • “We really appreciate the doggedness and professionalism of Jenna and the team at Beat the Banks. This is something we’d never have gotten round to doing and we’re so glad we went through the process with professionals as we’ve now had great results. Only positives have come from the experience.”

    Mr & Mrs M, Shetland
  • “From beginning to end, Beat the Banks have been very efficient. I am very pleased with the service from Jenna and the team. I am highly delighted and I have been recommending all of my friends.”

    Mrs C, Glasgow

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