PAYMENT PROTECTION INSURANCE

Claims in this area are legion . Claims management companies , typically taking a cut of 25% , are bombarding lenders seeking repayment . The allegation is that the borrower was not told that the cover was optional.In a typically punchy judgment HHJ Simon Brown QC , the one Mercantile Judge that everyone has heard of , has slung out a claim and awarded indemnity costs against the claimants . There was a welter of contemporaneous evidence to show that the lender , Central Capital Ltd , had advised the claimants , Mr and Mrs Goodman , that cover was optional.A bad bargain perhaps but a lawful one . It beggars belief that it could ever have been issued yet alone taken to trial.