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    • Stef6262
    • By Stef6262 20th May 17, 12:03 AM
    • 1Posts
    • 0Thanks
    Stef6262
    Advice re Halifax and Sun Alliance misselling of insurance
    • #1
    • 20th May 17, 12:03 AM
    Advice re Halifax and Sun Alliance misselling of insurance 20th May 17 at 12:03 AM
    Okay
    When we got our first Mortgage through Halifax Building Society we needed 100% finance. In a letter to us dated 1st June1991 Halifax inform us that ordinarily they would usually only lend £37,495 of a £49,995 mortgage. Claus 6 however states that they would be willing to advance £49,995 subject to a guarantee being given by Sun Alliance and London Insurance Plc. The premium for which will be £875. We got the full £49.995.

    My question is that as I believe that this was mi sold to us when we did not need any protection due to being in the Police and being paid if off sick or retired on pension for either ill health, or killed in the line of duty (spouse would get a pension)

    What can I do. Halifax have come back and said there is no evidence, but I have just found the original letter which clearly says it was a requirement by them for that to be in place.

    What should I do next
    Thanks
    Last edited by Stef6262; 20-05-2017 at 12:05 AM. Reason: Typo
Page 1
    • dunstonh
    • By dunstonh 20th May 17, 12:27 AM
    • 89,436 Posts
    • 54,898 Thanks
    dunstonh
    • #2
    • 20th May 17, 12:27 AM
    • #2
    • 20th May 17, 12:27 AM
    My question is that as I believe that this was mi sold to us when we did not need any protection due to being in the Police and being paid if off sick or retired on pension for either ill health, or killed in the line of duty (spouse would get a pension)
    Lets hope you are not a detective as you have jumped to wrong conclusion.

    MIG or High Value loan fee had nothing to do with your occupation, sick pay or pensions or death in service. You cannot be missold MIG.

    What can I do.
    nothing.

    Halifax have come back and said there is no evidence, but I have just found the original letter which clearly says it was a requirement by them for that to be in place.
    They probably think you are talking about PPI as your reasons for complaint have nothing to do with MIG. They are reasons that are typically used for PPI.
    What should I do next
    Give up and dont waste any more of your time.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
    • Moneyineptitude
    • By Moneyineptitude 20th May 17, 12:45 AM
    • 19,243 Posts
    • 9,361 Thanks
    Moneyineptitude
    • #3
    • 20th May 17, 12:45 AM
    • #3
    • 20th May 17, 12:45 AM
    My question is that as I believe that this was mi sold to us when we did not need any protection due to being in the Police
    Originally posted by Stef6262
    The insurance you wish to complain about was NOT mis-sold to you.

    It covered the lender, not you, and without it you would not have been granted the mortgage without a deposit.
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