LISA BUCKINGHAM: Interest-only mortgages are NOT a scandal | Mail Online
As the toll for PPI mis-selling rises through £12billion, it is still anyone’s guess exactly where it will end. Quite clearly the banks are in it up to their necks.
However, it is also perfectly plain that ambulance-chasing claims management firms are stoking the fire and making the bill even worse than it should be.
I have sympathy with Lloyds boss Antonio Horta-Osorio, who is arguing that when a jumped-up claim – fuelled by the no-win, no-fee crowd who are forever cropping up on our phones when we know we’ve never bought such a policy – is thrown out by the ombudsman, the £850 charge associated with that should be passed on to the claims management outfit.
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