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  • FIRST POST
    • Lilly19770_11
    • By Lilly19770_11 9th Sep 17, 9:44 PM
    • 3Posts
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    Lilly19770_11
    PPI claim - odd scenario
    • #1
    • 9th Sep 17, 9:44 PM
    PPI claim - odd scenario 9th Sep 17 at 9:44 PM
    I was working for Royal & Sun Alliance in 2001 when myself and my boyfriend wanted to purchase our first house. My work had a staff Mortgage desk that you could go to for mortgages and we were recommended a Northern Rock mortgage, and in order to qualify for this we had to take out Mortgage protection, this policy was with Legal & General. This arm of Royal & Sunalliance then closed to new business, the mortgage desk closed and the staff made redundant. We still have the policy and would like to claim under the mis-selling but have no idea who to contact. The seller has long gone, Northern Rock too. We don't have any of the original paperwork Any advice??
Page 1
    • zx81
    • By zx81 9th Sep 17, 9:47 PM
    • 14,041 Posts
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    zx81
    • #2
    • 9th Sep 17, 9:47 PM
    • #2
    • 9th Sep 17, 9:47 PM
    If you had to take it out as a condition of the mortgage, then there would be no mis selling.
    • Lilly19770_11
    • By Lilly19770_11 9th Sep 17, 9:52 PM
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    Lilly19770_11
    • #3
    • 9th Sep 17, 9:52 PM
    • #3
    • 9th Sep 17, 9:52 PM
    Even if we were told we had to have this particular one?
    • zx81
    • By zx81 9th Sep 17, 9:58 PM
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    zx81
    • #4
    • 9th Sep 17, 9:58 PM
    • #4
    • 9th Sep 17, 9:58 PM
    Exactly so
    • Moneyineptitude
    • By Moneyineptitude 9th Sep 17, 10:14 PM
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    Moneyineptitude
    • #5
    • 9th Sep 17, 10:14 PM
    • #5
    • 9th Sep 17, 10:14 PM
    My work had a staff Mortgage desk that you could go to for mortgages and we were recommended a Northern Rock mortgage, and in order to qualify for this we had to take out Mortgage protection, this policy was with Legal & General.
    Originally posted by Lilly19770_11
    This is not mis-selling.

    Anyone told they had to have the insurance when they didn't would indeed be mis-sold, but you had to sign up to the insurance to qualify for the staff discount.

    Such cross subsidy deals were allowed. You cannot complain about this.
    • Lilly19770_11
    • By Lilly19770_11 9th Sep 17, 10:35 PM
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    Lilly19770_11
    • #6
    • 9th Sep 17, 10:35 PM
    • #6
    • 9th Sep 17, 10:35 PM
    There was no staff discount or any benefit
    • Moneyineptitude
    • By Moneyineptitude 9th Sep 17, 10:42 PM
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    Moneyineptitude
    • #7
    • 9th Sep 17, 10:42 PM
    • #7
    • 9th Sep 17, 10:42 PM
    There was no staff discount or any benefit
    Originally posted by Lilly19770_11
    No benefit? So why did you agree to the "deal"?

    Please don't reply that you were "young and naive"...

    Still not mis-sold, I'm afraid.
    • dunstonh
    • By dunstonh 9th Sep 17, 11:16 PM
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    dunstonh
    • #8
    • 9th Sep 17, 11:16 PM
    • #8
    • 9th Sep 17, 11:16 PM
    and in order to qualify for this we had to take out Mortgage protection, this policy was with Legal & General.
    Life assurance?

    Sun alliance sold MPPI but not life assurance. L&G sold life assurance.

    We still have the policy and would like to claim under the mis-selling but have no idea who to contact.
    You havent given any valid reason for complaint. Why do you think it was missold?
    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 an Independent Financial Adviser local to you.
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