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  • FIRST POST
    • Shazzmc
    • By Shazzmc 6th Jan 18, 10:19 PM
    • 3Posts
    • 0Thanks
    Shazzmc
    Northern rock mortgage
    • #1
    • 6th Jan 18, 10:19 PM
    Northern rock mortgage 6th Jan 18 at 10:19 PM
    Hi we had a northern rock mortgage in 2001 does anybody know if we would of paid ppi and do you think it would be worth pursuing tia
Page 1
    • dunstonh
    • By dunstonh 6th Jan 18, 10:50 PM
    • 90,461 Posts
    • 57,254 Thanks
    dunstonh
    • #2
    • 6th Jan 18, 10:50 PM
    • #2
    • 6th Jan 18, 10:50 PM
    does anybody know if we would of paid ppi
    We dont have access to your bank statements. So, we are none the wiser than you.

    Statistically, most mortgages did not have MPPI. However, most MPPI complaints are rejected. Most NR mortgages were done via mortgage brokers and 2001 is pre-regulation. So, there are some odds for you.
    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.
    • Shazzmc
    • By Shazzmc 6th Jan 18, 11:02 PM
    • 3 Posts
    • 0 Thanks
    Shazzmc
    • #3
    • 6th Jan 18, 11:02 PM
    • #3
    • 6th Jan 18, 11:02 PM
    I know u don’t have access to my bank statements what I was trying to say was does anybody know if I would of typically had ppi on my mortgage when I took it out in 2001 and we did go through a broker but they aren’t trading anymore just like northern rock isn’t
    • Shazzmc
    • By Shazzmc 6th Jan 18, 11:03 PM
    • 3 Posts
    • 0 Thanks
    Shazzmc
    • #4
    • 6th Jan 18, 11:03 PM
    • #4
    • 6th Jan 18, 11:03 PM
    Are the odds in my favour or against me thanks
    • -taff
    • By -taff 6th Jan 18, 11:15 PM
    • 7,338 Posts
    • 5,391 Thanks
    -taff
    • #5
    • 6th Jan 18, 11:15 PM
    • #5
    • 6th Jan 18, 11:15 PM
    If you went through a broker in 2001, they wouldn't have been regulated. Forget about it.

    I see they are no longer trading. Doubly forget about it, you have no-one to complain to.
    Last edited by -taff; 06-01-2018 at 11:21 PM.
    • Moneyineptitude
    • By Moneyineptitude 7th Jan 18, 3:27 AM
    • 19,148 Posts
    • 10,315 Thanks
    Moneyineptitude
    • #6
    • 7th Jan 18, 3:27 AM
    • #6
    • 7th Jan 18, 3:27 AM
    Are the odds in my favour or against me thanks
    Originally posted by Shazzmc
    100% against you. Sorry.
    • dunstonh
    • By dunstonh 7th Jan 18, 1:01 PM
    • 90,461 Posts
    • 57,254 Thanks
    dunstonh
    • #7
    • 7th Jan 18, 1:01 PM
    • #7
    • 7th Jan 18, 1:01 PM
    2001 and we did go through a broker
    game over. Brokers were regulated in Jan 2005. On the plus side, the vast majority of broker sales are not considered missold as regular premium PPI is how it should be set up and it is still sold that way today.
    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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