The BBC has reported this week that Payment Protection Insurance (PPI) payouts from banks and lenders could reach as much as £2.7 billion as more and more people realise they are victims of PPI mis-selling.

Tough new rules are being implemented by the Financial Services Authority to ensure victims of PPI mis-selling are correctly and fully compensated.

If you have taken a loan in the last 6 years (even if it is now paid off) it is recommended that you check your documentation to see if Payment Protection Insurance was added, lenders often added it without making consumers aware.

Anyone looking for free advice about reclaiming their PPI premium on a loan or mortgage should speak to the specialist PPI claims team at Pinto Potts Solicitors.

The PPI claims team at Pinto Potts have considerable experience of dealing with numerous banks and loan companies and have an excellent understanding of the complexities often involved in making a PPI claim.