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    • covergirl
    • By covergirl 6th Jun 17, 12:28 PM
    • 2Posts
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    covergirl
    MPPI bought through a broker, can I claim?
    • #1
    • 6th Jun 17, 12:28 PM
    MPPI bought through a broker, can I claim? 6th Jun 17 at 12:28 PM
    Hi, new to all this ppi reclaim stuff, so wondering if anyone has any advice on the following? When we remortgaged with Nationwide in 2008 the mortgage advisor told us we had to have mppi to receive the mortgage. They told us we didn't have to get it through them so I went online and bought it with a broker and showed them as proof of insurance. We are still paying for this protection against unemployment and as it's over £33 per month, I am worried we are either paying unnecessarily or at the very least paying over the odds.
    So, if we were advised badly, do we have a chance to claim (I understand verbal communication is not good evidence) and who would we claim with?
    Any advice appreciated as I am rather baffled!!
Page 1
    • zx81
    • By zx81 6th Jun 17, 12:32 PM
    • 11,969 Posts
    • 12,113 Thanks
    zx81
    • #2
    • 6th Jun 17, 12:32 PM
    • #2
    • 6th Jun 17, 12:32 PM
    Why do you think you were advised badly?
    • dunstonh
    • By dunstonh 6th Jun 17, 1:23 PM
    • 88,102 Posts
    • 53,337 Thanks
    dunstonh
    • #3
    • 6th Jun 17, 1:23 PM
    • #3
    • 6th Jun 17, 1:23 PM
    So, if we were advised badly, do we have a chance to claim
    No. You can only complain about a wrongdoing if you purchased it through the agency of the company. You chose not to and bought online. By doing so, your consumer protection was reduced.

    and who would we claim with?
    No-one. By going DIY you cannot complain about poor advice.
    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.
    • covergirl
    • By covergirl 10th Jun 17, 5:07 PM
    • 2 Posts
    • 0 Thanks
    covergirl
    • #4
    • 10th Jun 17, 5:07 PM
    • #4
    • 10th Jun 17, 5:07 PM
    Thank you for your reply. I understand completely. I think we may stop this insurance, as other half would get redundancy package if suddenly unemployed and does get sick pay.
    • Moneyineptitude
    • By Moneyineptitude 10th Jun 17, 7:57 PM
    • 18,749 Posts
    • 8,922 Thanks
    Moneyineptitude
    • #5
    • 10th Jun 17, 7:57 PM
    • #5
    • 10th Jun 17, 7:57 PM
    Thank you for your reply. I understand completely. I think we may stop this insurance, as other half would get redundancy package if suddenly unemployed and does get sick pay.
    Originally posted by covergirl
    Your choice to cancel , but note that a redundancy package is never guaranteed.
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