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  • FIRST POST
    2feet
    Mortgage PPI help please
    • #1
    • 27th May 10, 4:21 PM
    Mortgage PPI help please 27th May 10 at 4:21 PM
    Hi there,

    Thanks to this wonderful site, I'm taking the plunge in trying to reclaim some mortgage PPI (that I cancelled last year but still paid nearly £2000 on!) but am wondering who to claim from. The guy that gave me the 'financial advise' works for Sequence UK (the estate agents are part of the same group I think) but the actual PPI policy was with Wessex Insurance.
    So who should I send my claim to - Sequence or Wessex?
    Sorry if this is a dumb question and thanks in advance for any help
    Cheers, Sam.

    (thanks to Di for pointing me to start a new thread on this one too )
Page 1
    • di3004
    • By di3004 27th May 10, 5:26 PM
    • 42,302 Posts
    • 56,679 Thanks
    di3004
    • #2
    • 27th May 10, 5:26 PM
    • #2
    • 27th May 10, 5:26 PM
    Hi there,

    Thanks to this wonderful site, I'm taking the plunge in trying to reclaim some mortgage PPI (that I cancelled last year but still paid nearly £2000 on!) but am wondering who to claim from. The guy that gave me the 'financial advise' works for Sequence UK (the estate agents are part of the same group I think) but the actual PPI policy was with Wessex Insurance.
    So who should I send my claim to - Sequence or Wessex?
    Sorry if this is a dumb question and thanks in advance for any help
    Cheers, Sam.

    (thanks to Di for pointing me to start a new thread on this one too )
    Originally posted by 2feet

    Hi

    And your welcome.

    I'm sure Dunstonh and/or MagpieCottage will be along soon, good luck.

    Di
    The one and only "Dizzy Di"
  • 2feet
    • #3
    • 29th May 10, 10:20 AM
    • #3
    • 29th May 10, 10:20 AM
    Sorry to bump my own thread but can anyone help me out please?
    I'd rather have a crack at doing it myself before considering one of the companies out there who will take a cut and this is the last thing I need before I can go ahead - Cheers

    Hi there,

    Thanks to this wonderful site, I'm taking the plunge in trying to reclaim some mortgage PPI (that I cancelled last year but still paid nearly £2000 on!) but am wondering who to claim from. The guy that gave me the 'financial advise' works for Sequence UK (the estate agents are part of the same group I think) but the actual PPI policy was with Wessex Insurance.
    So who should I send my claim to - Sequence or Wessex?
    Sorry if this is a dumb question and thanks in advance for any help
    Cheers, Sam.

    (thanks to Di for pointing me to start a new thread on this one too )
    Originally posted by 2feet
    • di3004
    • By di3004 29th May 10, 11:03 AM
    • 42,302 Posts
    • 56,679 Thanks
    di3004
    • #4
    • 29th May 10, 11:03 AM
    • #4
    • 29th May 10, 11:03 AM
    Dunstonh or MagpieCottage......

    Please do you think you can check this one out for "2feet" please.

    Cheers.

    Di
    The one and only "Dizzy Di"
    • di3004
    • By di3004 30th May 10, 1:26 PM
    • 42,302 Posts
    • 56,679 Thanks
    di3004
    • #5
    • 30th May 10, 1:26 PM
    • #5
    • 30th May 10, 1:26 PM
    Bumping
    The one and only "Dizzy Di"
    • dunstonh
    • By dunstonh 30th May 10, 1:57 PM
    • 89,853 Posts
    • 56,512 Thanks
    dunstonh
    • #6
    • 30th May 10, 1:57 PM
    • #6
    • 30th May 10, 1:57 PM
    You complain to the adviser that sold it.

    However, you need to be aware that the mass PPI reclaiming tends to be focused on loans and credit cards. Its very much less focused on mortgages. Indeed, the only real area where mortgages are considered a mis-sale is if its single premium or you were not eligible. If its monthly payment and you are eligible for cover then its a pretty easy rejection by the adviser.

    Unlike loan and credit cards, the use of a financial adviser means that there will be needs analysis and a statement of demands and needs.

    So, what reason do you think it was mis-sold?
    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 an Independent Financial Adviser local to you.
  • 2feet
    • #7
    • 1st Jun 10, 2:14 PM
    • #7
    • 1st Jun 10, 2:14 PM
    You complain to the adviser that sold it.

    However, you need to be aware that the mass PPI reclaiming tends to be focused on loans and credit cards. Its very much less focused on mortgages. Indeed, the only real area where mortgages are considered a mis-sale is if its single premium or you were not eligible. If its monthly payment and you are eligible for cover then its a pretty easy rejection by the adviser.

    Unlike loan and credit cards, the use of a financial adviser means that there will be needs analysis and a statement of demands and needs.

    So, what reason do you think it was mis-sold?
    Originally posted by dunstonh
    Basically because I already had a critical illness cover through work but was told that I needed to take out payment protection insurance pretty much as a condition of the mortgage. I got the hard sell and didn't really think that I could say no is the crux of it really. Sounds like you don't think that I'd stand much of a chance with that though?

    Thanks for your advice too
    • di3004
    • By di3004 1st Jun 10, 2:44 PM
    • 42,302 Posts
    • 56,679 Thanks
    di3004
    • #8
    • 1st Jun 10, 2:44 PM
    • #8
    • 1st Jun 10, 2:44 PM
    Cheers Dunstonh, and good luck 2Feet
    The one and only "Dizzy Di"
    • dunstonh
    • By dunstonh 1st Jun 10, 5:50 PM
    • 89,853 Posts
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    dunstonh
    • #9
    • 1st Jun 10, 5:50 PM
    • #9
    • 1st Jun 10, 5:50 PM
    Basically because I already had a critical illness cover through work but was told that I needed to take out payment protection insurance pretty much as a condition of the mortgage.
    Critical illness cover is not seen as a replacement for income protection. So, no overlap there. Until the late 90s, lenders were allowed to force insurance to be taken to get a certain deal. Since then though they couldnt.

    Sounds like you don't think that I'd stand much of a chance with that though?
    Sometimes complaints that would, on paper, have little chance of success do succeed whilst others that look like dead cert complaints fail. So, it pays to keep an open mind when saying if its likely or not.

    On paper, I dont think you have much of a chance as its monthly premium, it doesnt overlap with existing cover (CI doesnt count) and its unlikely that there is any evidence to say you were forced to have it.
    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 an Independent Financial Adviser local to you.
  • saraanddarren
    hi i do work for a company that claims back ppi.

    No win no Fee
    No upfront fee

    I can see no problems that you would encounter i have a 98% sucess rate. the only problem with going to the banks or lenders yourself is that you wont recieve the full amount or the compensation and commission that was charged. in most cases this more than covers our charges anyway. i will gladly help if you ever get stuck just message me or call us

    01604 602919
    Originally posted by kanehodges
    Nuff said....please don`t listen to folk and companies who say they can claim for you - apologies if i`m wrong and the above poster is legit but i`ve been waiting three years for a claim....only to be told by the solicitors that they cannot `win` enough fees to cover their non existent legal help!!!

    Do it yourself......please....and as the above people said you don`t know unless you try. contact the FOS....you have nothing to lose!
  • halphy
    Nuff said....please don`t listen to folk and companies who say they can claim for you - apologies if i`m wrong and the above poster is legit but i`ve been waiting three years for a claim....only to be told by the solicitors that they cannot `win` enough fees to cover their non existent legal help!!!

    Do it yourself......please....and as the above people said you don`t know unless you try. contact the FOS....you have nothing to lose!
    Originally posted by saraanddarren
    Here Here!!
    • StaceyJW
    • By StaceyJW 5th Oct 17, 8:27 PM
    • 9 Posts
    • 3 Thanks
    StaceyJW
    Did you manage to contact sequence homes? Iím in exactly the same position, sequence homes sold me a Wessex Insurance. I want to investigate the Plevin angle but am struggling to find someone to speak to about it. Do you have any contact details?
    • zx81
    • By zx81 5th Oct 17, 8:34 PM
    • 14,354 Posts
    • 15,111 Thanks
    zx81
    After seven years, I think this thread is probably done....
    • Brokerwise
    • By Brokerwise 5th Oct 17, 8:35 PM
    • 165 Posts
    • 74 Thanks
    Brokerwise
    Highly unlikely Plevin will apply
    • dunstonh
    • By dunstonh 5th Oct 17, 8:36 PM
    • 89,853 Posts
    • 56,512 Thanks
    dunstonh
    This thread last had a post in 2010.

    I want to investigate the Plevin angle
    Which wont apply to regular premium MPPI. Just single premium MPPI. However, most single premium MPPI is considered missold to begin with and plevin does not apply to confimes missales.
    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 an Independent Financial Adviser local to you.
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