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  • FIRST POST
    • ceewash
    • By ceewash 17th Oct 16, 11:49 AM
    • 799Posts
    • 135Thanks
    ceewash
    Old PPI claim
    • #1
    • 17th Oct 16, 11:49 AM
    Old PPI claim 17th Oct 16 at 11:49 AM
    Recently clearing out old paper work and found we might have been missold PPI on our mortgage taken out 1987.

    I have contacted the company Wessex Group using your template. The reply stated that they are not responsible as they took over from "Financial Insurance Group" who had sold the policy to us. They are no longer trading so I am not sure what the next step should be. Would welcome any advice. The mortgage was with the Lancastrian Building Society and they no longer exist.
    Save 9K in 2015

    No. 179 Total = £3180.00 / £9000
Page 1
    • dunstonh
    • By dunstonh 17th Oct 16, 11:56 AM
    • 85,111 Posts
    • 50,130 Thanks
    dunstonh
    • #2
    • 17th Oct 16, 11:56 AM
    • #2
    • 17th Oct 16, 11:56 AM
    so I am not sure what the next step should be.
    Give up.

    You bought the insurance nearly 20 years before regulation started. The firm you bought it via no longer exists. So, you cant complain to them and you dont have access to the FSCS as its pre-regulation. So, game over.

    If it makes you feel any better. Mortgage broker arranged policies account for under 1% of mis-sale complaints and most result in failure. Most MPPI complaints fail too. MPPI is still retailed today. Despite the PPI issues. So, even if you could still complain, odds are that it would not have been successful.
    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.
    • ceewash
    • By ceewash 17th Oct 16, 7:38 PM
    • 799 Posts
    • 135 Thanks
    ceewash
    • #3
    • 17th Oct 16, 7:38 PM
    • #3
    • 17th Oct 16, 7:38 PM
    Do you think it might be worth just handing it to a PPI company?
    Save 9K in 2015

    No. 179 Total = £3180.00 / £9000
    • zx81
    • By zx81 17th Oct 16, 7:39 PM
    • 9,361 Posts
    • 9,198 Thanks
    zx81
    • #4
    • 17th Oct 16, 7:39 PM
    • #4
    • 17th Oct 16, 7:39 PM
    How on earth would that help?
    • ceewash
    • By ceewash 17th Oct 16, 7:46 PM
    • 799 Posts
    • 135 Thanks
    ceewash
    • #5
    • 17th Oct 16, 7:46 PM
    • #5
    • 17th Oct 16, 7:46 PM
    That's what I was asking?
    Save 9K in 2015

    No. 179 Total = £3180.00 / £9000
    • zx81
    • By zx81 17th Oct 16, 7:50 PM
    • 9,361 Posts
    • 9,198 Thanks
    zx81
    • #6
    • 17th Oct 16, 7:50 PM
    • #6
    • 17th Oct 16, 7:50 PM
    It wouldn't.
    • Moneyineptitude
    • By Moneyineptitude 17th Oct 16, 8:02 PM
    • 17,237 Posts
    • 7,774 Thanks
    Moneyineptitude
    • #7
    • 17th Oct 16, 8:02 PM
    • #7
    • 17th Oct 16, 8:02 PM
    Do you think it might be worth just handing it to a PPI company?
    Originally posted by ceewash
    They won't be able to complain successfully either. The reasons why have already been pointed out to you. There is basically no one to complain to.

    This is a non-starter whatever you consider doing , I'm afraid
    • ceewash
    • By ceewash 17th Oct 16, 8:04 PM
    • 799 Posts
    • 135 Thanks
    ceewash
    • #8
    • 17th Oct 16, 8:04 PM
    • #8
    • 17th Oct 16, 8:04 PM
    Message received . Thanks.
    Save 9K in 2015

    No. 179 Total = £3180.00 / £9000
    • dunstonh
    • By dunstonh 17th Oct 16, 8:24 PM
    • 85,111 Posts
    • 50,130 Thanks
    dunstonh
    • #9
    • 17th Oct 16, 8:24 PM
    • #9
    • 17th Oct 16, 8:24 PM
    A claims company wont help because all they do is put your complaint in an envelope and post it to the company responsible. Same as you would do. In this case, the company responsible no longer exists.
    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.
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