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  • FIRST POST
    • kennyseddon
    • By kennyseddon 3rd Sep 17, 3:30 PM
    • 5Posts
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    kennyseddon
    Mortgage Protection and PPI
    • #1
    • 3rd Sep 17, 3:30 PM
    Mortgage Protection and PPI 3rd Sep 17 at 3:30 PM
    Was the mortgage protection plan I had on my mortgage in the 90s the same as PPI, i ask that simply i always thought i had been duped as when i went self employed, i queried the point about it still being valid when it comes to sickness and redundancy. At the time i was assured it was ok, only to be told years later that i couldnt have claimed, could i complain under the present PPI banner
Page 1
    • dunstonh
    • By dunstonh 3rd Sep 17, 3:38 PM
    • 89,518 Posts
    • 54,968 Thanks
    dunstonh
    • #2
    • 3rd Sep 17, 3:38 PM
    • #2
    • 3rd Sep 17, 3:38 PM
    Was the mortgage protection plan I had on my mortgage in the 90s the same as PPI,
    Mortgage protection is a generic term that is used by a number of different insurances that could be used in conjunction with a mortgage. It could be MPPI or it could be decreasing term assurance or another.

    i ask that simply i always thought i had been duped as when i went self employed, i queried the point about it still being valid when it comes to sickness and redundancy.
    The vast majority of MPPI covers the self employed with no issues. If it was income protection then it doesnt matter if your self employed or employed (even housewives can have it).

    At the time i was assured it was ok, only to be told years later that i couldnt have claimed, could i complain under the present PPI banner
    Did you complain after being told?
    Who told you that you were not covered?
    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.
    • anniebea
    • By anniebea 6th Sep 17, 9:56 AM
    • 54 Posts
    • 18 Thanks
    anniebea
    • #3
    • 6th Sep 17, 9:56 AM
    • #3
    • 6th Sep 17, 9:56 AM
    I had mortgage protection on my mortgage from 1996. It covered payments for sickness and redundancy.


    Can I claim this under the current PPI rules?.


    The mortgage is now paid off but was still active till 2014.
    • dunstonh
    • By dunstonh 6th Sep 17, 10:04 AM
    • 89,518 Posts
    • 54,968 Thanks
    dunstonh
    • #4
    • 6th Sep 17, 10:04 AM
    • #4
    • 6th Sep 17, 10:04 AM
    Can I claim this under the current PPI rules?.
    What rules? There are no PPI rules.

    If you mean you wish to raise a complaint about the sale of the MPPI, then what is your complaint?


    Most people take out insurances with their mortgage. Its common sense and this is why, in part, mortgage insurances see most complaints rejected. So, why do you think you are different?
    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.
    • anniebea
    • By anniebea 6th Sep 17, 10:07 AM
    • 54 Posts
    • 18 Thanks
    anniebea
    • #5
    • 6th Sep 17, 10:07 AM
    • #5
    • 6th Sep 17, 10:07 AM
    Sorry if I get terms wrong, I was asking for advice as I'm not a financial expert like you.
    • dunstonh
    • By dunstonh 6th Sep 17, 11:13 AM
    • 89,518 Posts
    • 54,968 Thanks
    dunstonh
    • #6
    • 6th Sep 17, 11:13 AM
    • #6
    • 6th Sep 17, 11:13 AM
    Sorry if I get terms wrong, I was asking for advice as I'm not a financial expert like you.
    Originally posted by anniebea
    I understand. Which is why I asked the questions which we need to know to answer your original question.
    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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