Yorkshire Bank Reclaim PPI With Beat The Banks
If you have ever had a credit card, mortgage or personal loan with Yorkshire Bank from Dec 1989, up until 2013, there is a significant chance that you may have been mis-sold PPI.
The bank aggressively sold Payment Protection Insurance and Accident, Sickness and Unemployment Insurance on all their lending products. For mortgages, the cover was invariably through Aviva or one of its trading names. If the names, London & Edinburgh, General Accident, CGNU or Norwich Union mean anything to you, then you may well have been sold this type of protection. It was sold at a price per £100 of cover. For joint mortgages, the cover could be split between the mortgage holders.
For personal loans, we were able to quote to the FCA a particularly aggressive and shameful policy that the bank operated from circa 1999. Named “Scott Lane,” after a branch of the Yorkshire Bank where the scheme as first piloted, it involved the relentless targeting of personal loan customers, who in many cases, may have been only a few months into their loan repayments. Quotes for new borrowing were only supplied to include PPI, as the bank raked in a fortune of commission by selling premiums added to the borrowing from the outset.
Credit cards were constantly promoted by the bank, especially when new loans were sold. Credit card balances were often run up by customers and then switched to personal loan borrowing, but with customers allowed to retain their credit cards. It was a vicious circle. Sell a credit card with insurance, then that was more points towards the branch “sellers” target.
In April 2015, Clydesdale Bank as the parent of Yorkshire Bank was fined a then-record £20.70 million by the FCA for serious failings when handling complaints relating to mis-sold PPI. The bank had lied to customers and the Financial Ombudsman regarding their record keeping policy. Redress calculations on successful credit card claims were also incorrectly applied, with claims handlers not taking into account any PPI payable pre-2000.
This was the culmination of several years of work by Mike Begg and the team at Beat the Banks against Clydesdale and Yorkshire Bank. Over that period, we engaged the help of a number of MP’s and the press, to bring the injustice against consumers into the public domain. Eventually, the FCA began their investigation, helped and assisted by the packaged case studies that we were able to provide, showing the true extent to which the bank were abusing the FCA PPI Dispute Appendix Rules. As a former senior manager within Clydesdale Bank Group, which includes Yorkshire Bank, Mike Begg, was also able to demonstrate and articulate to the FCA, the true record keeping practices employed by both banks.
Banks, in general, tend to hold computer personal loan records back to a certain point in time. For Clydesdale, although not necessarily the Yorkshire, in most cases, this was to the turn of the century. Beat the Banks were able to demonstrate that under the Data Protection Act 1998, the bank had retained and therefore were logically obliged to examine all “structured data.” Using this method many Clydesdale and Yorkshire customers now receive compensation for mis-sold PPI, back to December 1989, the very start of the then voluntary regulation of PPI.
The core of the Beat the Banks team and many of our claims experts were former lending managers within the Clydesdale Bank group. We are uniquely placed to help you recover mis-sold PPI sold by Yorkshire Bank. If you would like to know more please call our team on 01382 200474 or for free, on 0800 193 1234.
Yorkshire And PPI - The Facts
In April 2015, Clydesdale Bank, the parent of Yorkshire Bank were fined £20.70 million by the FCA.
Yorkshire Bank customers can now claim for mis-sold PPI right back to December 1989.
We use your right under law to recover, what is often inches upon inches of banking records from the Yorkshire Bank, to make sure every claim is 100% accurate and that no claims are missed.
Beat the Banks have recovered ten’s of millions for customers and our biggest claim to date for one Clydesdale Bank Group customer is over £62,000
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