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Southern Pacific Mortgate Ltd SPML PPI Reclaim
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# 1
saverjules
Old 06-08-2011, 10:32 AM
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Default Southern Pacific Mortgate Ltd SPML PPI Reclaim

I know that SPML went in 2008 and I believe that Acenden (?) have taken over the accounts.

My partner settled his mortgate with them in September 2006 and we have just found the paperwork with front loaded PPI (for only a 36 month term?) on a 30 year mortgage. There is paperwork from both Capstone and SPML but I believe they are all the same organisation anyway. He remembers it was over the phone.

He again was not told that he could shop around or that it was front loaded- just given a montly figure to pay for the mortgage.
My question is - how to go about claiming from Acenden (if that is the correct route) when we have never dealt with them.

Has anyone any experience of claims in this situation, did they settle, who is best to write to etc, etc

Thanks!
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# 2
roonaldo
Old 06-08-2011, 11:00 AM
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Do you apply for this through a broker? its just that most of SPML mortgages were sold by brokers.
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# 3
saverjules
Old 06-08-2011, 11:34 AM
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Quote:
Originally Posted by roonaldo View Post
Do you apply for this through a broker? its just that most of SPML mortgages were sold by brokers.
Sadly we don't have any details of a broker in all the paperwork- how can we find that out?
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# 4
roonaldo
Old 06-08-2011, 11:44 AM
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your memory! did you apply for the mortgage direct or through an intermediary?
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# 5
Thrugelmir
Old 06-08-2011, 11:46 AM
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SPML was a subsidiary company of Lehmans. So the chances of recovering any monies are zero.
"Bull-markets are born on pessimism, grow on scepticism, mature on optimism and die on euphoria."
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# 6
dunstonh
Old 06-08-2011, 12:39 PM
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Quote:
Sadly we don't have any details of a broker in all the paperwork- how can we find that out?
You cant remember who you used to buy the mortgage?

Quote:
Has anyone any experience of claims in this situation, did they settle, who is best to write to etc, etc
I believe the lender was broker only which means you have to complain to the broker.
I am a Financial Adviser. 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.
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# 7
Liz..
Old 30-09-2012, 10:33 AM
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Quote:
Originally Posted by Thrugelmir View Post
SPML was a subsidiary company of Lehmans. So the chances of recovering any monies are zero.
You can still claim
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# 8
dunstonh
Old 30-09-2012, 12:31 PM
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Quote:
Originally Posted by Liz.. View Post
You can still claim

against whom? The OP cannot remember the broker.
I am a Financial Adviser. 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.
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# 9
roonaldo
Old 30-09-2012, 9:34 PM
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Quote:
Originally Posted by Liz.. View Post
You can still claim
1. This post is over a year old.
2. No you cant, if you cant remember the broker and also this is likely to be a pre regulation sale, they are probably unlikely to be trading. It wont come under FOS or FSCS jurisdiction.
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