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  • FIRST POST
    • mentormum
    • By mentormum 18th May 12, 11:03 AM
    • 12Posts
    • 2Thanks
    mentormum
    Halifax TMP
    • #1
    • 18th May 12, 11:03 AM
    Halifax TMP 18th May 12 at 11:03 AM
    Hi All
    I need some advice.
    Took out a Halifax mortgage in 2003 was sold TMP (excluding life cover element).
    Was told we needed it incase we were made redundant so that Halifax wouldn't repossess.
    We had good jobs with potentially good redundancy packages and good sickness benefits (but looking at the documents have critical illness cover)
    Still have mortgage and still paying TMP average £60 per months for over 9 years.
    Does this sound like a possible claim and should I cancel my cover?
    Last edited by mentormum; 18-05-2012 at 4:51 PM.
Page 1
    • mentormum
    • By mentormum 19th May 12, 8:12 PM
    • 12 Posts
    • 2 Thanks
    mentormum
    • #2
    • 19th May 12, 8:12 PM
    • #2
    • 19th May 12, 8:12 PM
    Just wondering ig anyone else has been in the same position as this andwhat the outcome was

    Thanks for reading
    • dunstonh
    • By dunstonh 20th May 12, 9:02 AM
    • 82,603 Posts
    • 47,694 Thanks
    dunstonh
    • #3
    • 20th May 12, 9:02 AM
    • #3
    • 20th May 12, 9:02 AM
    Does this sound like a possible claim and should I cancel my cover?
    You have given no reason for complaint. Everyone has a good job until they do not. That said, Halifax do seem to be still auto paying out on the MPPI element but they wont auto pay out on the CI element and nothing you have said indicates any wrong doing on that front.

    No-one is going to tell you to cancel your policy because what if you suffered a claimable event after cancelling it?
    Last edited by dunstonh; 21-05-2012 at 4:40 PM.
    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.
    • mentormum
    • By mentormum 21st May 12, 4:33 PM
    • 12 Posts
    • 2 Thanks
    mentormum
    • #4
    • 21st May 12, 4:33 PM
    • #4
    • 21st May 12, 4:33 PM
    Hi thanks for the info, im thinking that the fact that our employers had good sickness benefits thst we wouldnt have needed the ci cover equally ive looked at the t&c of the mortgage offer and it doesnt state that ppi is compulsary.
    Do you think its a case for a claim?
    • dunstonh
    • By dunstonh 21st May 12, 4:42 PM
    • 82,603 Posts
    • 47,694 Thanks
    dunstonh
    • #5
    • 21st May 12, 4:42 PM
    • #5
    • 21st May 12, 4:42 PM
    im thinking that the fact that our employers had good sickness benefits thst we wouldnt have needed the ci cover
    Very few employers offer a group CI scheme. They do exist but is yours a CI scheme or income scheme? CI is a lump sum payment on diagnosis of a range of specified critical illnesses.

    There are very few CI complaints and the PPI issue doesnt apply to CI. So, you do need a valid complaint reason. Typically the ideal level of CI cover is seen to be around 4 times income plus debts. However, that is just a guide.
    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.
    • mentormum
    • By mentormum 2nd Jul 12, 7:44 PM
    • 12 Posts
    • 2 Thanks
    mentormum
    • #6
    • 2nd Jul 12, 7:44 PM
    halifax tmp success
    • #6
    • 2nd Jul 12, 7:44 PM
    I decided to make a claim based on the points i raised above and have had anOFFER OF JUST UNDER £8000!
  • dazzler44
    • #7
    • 2nd Jul 12, 8:18 PM
    • #7
    • 2nd Jul 12, 8:18 PM
    put in a claim against the mis sell of the asu element, this was on the 8th of june....got a call today asking further questions and the guy said we should here pretty quickly......not optimistic tbh, think we have fallen outside the auto payout policy deadlines.....you may have had more fortune than ourselves i dont know....we never quibbled CI part of it, just the ASU, we had similar circs to yourself by the sound of it......well done on your success, great to see
    • mentormum
    • By mentormum 2nd Jul 12, 8:27 PM
    • 12 Posts
    • 2 Thanks
    mentormum
    • #8
    • 2nd Jul 12, 8:27 PM
    • #8
    • 2nd Jul 12, 8:27 PM
    thank you we thought the same that but went ahead any way we put in our claim on 5th May so dont lose hope.
  • dazzler44
    • #9
    • 2nd Jul 12, 8:31 PM
    • #9
    • 2nd Jul 12, 8:31 PM
    thank you we thought the same that but went ahead any way we put in our claim on 5th May so dont lose hope.
    Originally posted by mentormum
    i will buy a very large and expensive bottle of champers and toast you if we do get anything back !!
  • dazzler44
    thank you we thought the same that but went ahead any way we put in our claim on 5th May so dont lose hope.
    Originally posted by mentormum
    did you get a phonecall checking info from the halifax before your success ?
    • mentormum
    • By mentormum 2nd Jul 12, 8:39 PM
    • 12 Posts
    • 2 Thanks
    mentormum
    yes i did just explained my reasons again, it sounded a bit like she was reading from a script. chase them up myself after about 7 weeks and they gave me the goid news over the phone
  • dazzler44
    yes i did just explained my reasons again, it sounded a bit like she was reading from a script. chase them up myself after about 7 weeks and they gave me the goid news over the phone
    Originally posted by mentormum
    well thats given me more hope !! thanks Mentormum.....tomorrows a new day so hopefully better news will follow
    • dunstonh
    • By dunstonh 2nd Jul 12, 9:46 PM
    • 82,603 Posts
    • 47,694 Thanks
    dunstonh
    Halifax are one of the hardest to call. They seem to pay out on cases that should never be paid out on but dig their heels in with cases which appear to be nailed on payouts.
    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.
  • dazzler44
    Halifax are one of the hardest to call. They seem to pay out on cases that should never be paid out on but dig their heels in with cases which appear to be nailed on payouts.
    Originally posted by dunstonh
    thats what gets me ! having read so many case successes and failures on here, i can match our circs to both.....cant call where this is going to end up.....i can only hope
  • dazzler44
    called Halifax this morning to check on wording the guy had put down yesterday and the man i spoke with said the case is being looked at currently by the same man who called yesterday ! wonder if a decision is imminent ? feel very nervous but willing to stand up for a long fight should this go against us......i have great stamina for a fight !!
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