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  • FIRST POST
    nathonjones
    Halifax Total Mortgage Protection Plan (TMPP) - Can I reclaim?
    • #1
    • 23rd Aug 11, 2:47 PM
    Halifax Total Mortgage Protection Plan (TMPP) - Can I reclaim? 23rd Aug 11 at 2:47 PM
    Firstly, hello to everyone. Really hope I can get some advice on this. I'm sure you won't disappoint.

    I took out a mortgage with Bank of Scotland / Halifax in 1998 and subsequently re-mortgaged with the Halifax in 2004.

    Both mortgage accounts included a TMPP (Total Mortgage Protection Plan) which I believe covered me for illness, unemployment etc.

    I remember clearly the mortgage advisor stating that I would be unlikely to be accepted for the mortgage without this cover, although I obviously have no proof of this.

    What I wanted to ask is if I can make a claim for these monies back?
    Secondly, what is the process. I have some paperwork here, from the original agreements, but it's like Japanese to me, to be honest.

    I really am unfamiliar with PPI's claims etc, so any advice that could be offered would be greatly appreciated. Thank you.

    Regards
    Nath.
Page 3
    • dunstonh
    • By dunstonh 8th Jun 17, 7:05 PM
    • 88,167 Posts
    • 53,388 Thanks
    dunstonh
    The TMPPP is not just a PPI plan.That is just one segment of the things it can offer and in most cases, the TMPPP wouldnt have the MPPI segment. It could have only the life assurance or the CIC or a combination.

    Just found this for self-employed people. And my husband was self-employed at that time, so should be straight forward claim according to the FCA. How come you mentioned Mortgage PPI covers self-employed? Or I am missing something?
    How does this affect the self-employed?
    The TMPPP MPPI segment covers the self employed. It is not on of the types of PPI that does not.
    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.
    • hsddi
    • By hsddi 9th Jun 17, 6:30 PM
    • 1 Posts
    • 0 Thanks
    hsddi
    Halifax TMPPI claim.
    I have a claim in with the Halifax at the moment, very similar to some of the posts I have read already. Myself and my wife have worked for the NHS since 1987, we were given the option of buying the flat that we lived in at the time or we had to get out, this was in 1995. Went to see a financial advisor, him seeing we were pretty desperate not to lose our home pushed the Halifax mortgage and the TMPP onto us making us believe that we had a better chance of getting the mortgage with taking out the TMPP. Not much was explained to us at the time, we didn't even know that there were elements of the policy that you did not need to take out e.g. ppi. We moved to our house in 2003, I remember phoning the Halifax to change address on the policy but apparently the policy changed then unknown to myself so two claims have had to be put in.
    My question is the policy is still running now with all elements attached, should I cancel the ppi element now or will Halifax cancel it if my claim is successful?
    Thank you for any advise.
    • Nearlyold
    • By Nearlyold 9th Jun 17, 7:00 PM
    • 871 Posts
    • 698 Thanks
    Nearlyold
    You can cancel the PPI element now if you want to. Halifax would definitely cancel the PPI in the event your complaint is successful. Does your TMPP still have the Life and CI element and are you wishing to continue with those?
    • dunstonh
    • By dunstonh 9th Jun 17, 7:33 PM
    • 88,167 Posts
    • 53,388 Thanks
    dunstonh
    Went to see a financial advisor, him seeing we were pretty desperate not to lose our home pushed the Halifax mortgage and the TMPP onto us making us believe that we had a better chance of getting the mortgage with taking out the TMPP.
    Do you have any evidence of that?

    Not much was explained to us at the time, we didn't even know that there were elements of the policy that you did not need to take out e.g. ppi.
    In 1995, Halifax were issuing illustrations with the list of benefits and the premiums and these included the risk warnings.

    My question is the policy is still running now with all elements attached, should I cancel the ppi element now or will Halifax cancel it if my claim is successful?
    What segments of the TMPPP did you have?
    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.
    • sim11
    • By sim11 12th Jun 17, 2:37 PM
    • 608 Posts
    • 1,393 Thanks
    sim11
    I have the Halifax policy. I claimed for the carers part. Which pays out for 12 months only. I am still paying the same amount years later. But I am still caring and have not returned to work. Would I be able to make a claim, because I am paying for a policy I cannot claim on?
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