Cheshire Building Society

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Tillym63
Tillym63 Posts: 4 Newbie
in Reclaim bank & credit card charges
Hi
Would I be able to claim PPI from a mortgage I took out in1982 to 1989 as they have closed down?

Many thanks

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  • societys_child
    societys_child Posts: 7,110 Forumite
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    edited 18 February 2018 at 8:51PM
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    You may have a problem.

    A few more details would help to give a considered response. Was the product actually PPI, who sold you the policy . . things like that.
  • antrobus
    antrobus Posts: 17,386 Forumite
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    Tillym63 wrote: »
    Hi
    Would I be able to claim PPI from a mortgage I took out in1982 to 1989 as they have closed down?

    Many thanks

    The Cheshire Building Society merged with the Nationwide in 2007. Any PPI mis-sale complaint should go to the Nationwide.

    However; 1982 is 36 years ago, Nationwide may no longer hold any records.

    Are you sure you actually had a MPPI policy?
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
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    In 1982, the likelihood is that this was Life Assurance.

    It's very doubtful it was PPI so long ago..

    I also doubt there will be any records almost four decades on..
  • Tillym63
    Tillym63 Posts: 4 Newbie
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    Sorry it was a mortgage.
  • Tillym63
    Tillym63 Posts: 4 Newbie
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    My husband was self employed at this time
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
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    Tillym63 wrote: »
    My husband was self employed at this time
    Mortgage PPI covered the self employed.

    This unlikely to be PPI anyway (more likely Life Assurance)

    There is almost no chance that any record of this finance has been kept 36 years on.
  • Tillym63
    Tillym63 Posts: 4 Newbie
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    Thank you for your assistance.
  • dunstonh
    dunstonh Posts: 116,387 Forumite
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    Was this PPI?

    1982 would be rare for MPPI. It is right at the start of it being available and almost a decade before the lenders went sales crazy.

    In 1982, the dominant insurance required for mortgages was life assurance. You are also looking at the period you had to pay MIG if you borrowed above a certain loan to value. Neither of those are PPI.

    So, are you sure you had PPI?
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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