PPI Reclaiming Discussion part 4

antdon

Ok..
This is probably a really dumb question.
But....
Can I claim against a mortgage payment protection plan....

I have had one with the Halifax from the start of my mortgage (19 years ago) and was more or less pushed into it at the start.

I did however make a claim on it for 9 months of redundancy during 2000

Any help/comments would be gratefully recieved

di3004

antdon wrote: »

Ok..
This is probably a really dumb question.
But....
Can I claim against a mortgage payment protection plan....

I have had one with the Halifax from the start of my mortgage (19 years ago) and was more or less pushed into it at the start.

I did however make a claim on it for 9 months of redundancy during 2000

Any help/comments would be gratefully recieved

Hi there

This is one for Dunstonh and MagpieCottage......

If you post a new thread below (stay within the PPI reclaiming threads) subject it with something like " Mortgage Protection Plan help" I am sure they will not miss it and be along at some point today to help.

Good luck.;)

antdon

di3004 wrote: »

Hi there

This is one for Dunstonh and MagpieCottage......

If you post a new thread below (stay within the PPI reclaiming threads) subject it with something like " Mortgage Protection Plan help" I am sure they will not miss it and be along at some point today to help.

Good luck.;)

Thanks.. I have just posted it to the main ppi forum

Heaven_23

Help Needed

I recently found a loan I had with the Halifax back in 2002 so I sent a letter off relating to being mis sold the PPI, the loan I did take out was a secured loan so it was called a PLRC as I received a letter declining this policy was mis sold.
I then sent another letter to the Halifax stating my reasons to why I felt I was treated un fairly and today recived another letter saying the decision stands and they find that this policy was sold in the right way to myself.
I have already received payment back from a un secured loan as they did say this was mis sold.


PLease any help as to what I do next do i now write another letter again stating my reasons or take this further or is thier desicion on it being a secured loan a valid reason
Thanks

di3004

Heaven_23 wrote: »

Help Needed

I recently found a loan I had with the Halifax back in 2002 so I sent a letter off relating to being mis sold the PPI, the loan I did take out was a secured loan so it was called a PLRC as I received a letter declining this policy was mis sold.
I then sent another letter to the Halifax stating my reasons to why I felt I was treated un fairly and today recived another letter saying the decision stands and they find that this policy was sold in the right way to myself.
I have already received payment back from a un secured loan as they did say this was mis sold.


PLease any help as to what I do next do i now write another letter again stating my reasons or take this further or is thier desicion on it being a secured loan a valid reason
Thanks

Hi there

Also left you a post on the other thread here:
https://forums.moneysavingexpert.com/discussion/524031

Good luck.:)

polkadot

Ive recently done our SOA and have been "probing" my new husband regarding a loan he had before we got married...Id like to pick some brains to see if its worth trying to reclaim.

The current loan amount was £14000.00 (we have about £10000.00 currently owing. When I talk to him he tells me that he doesnt remember the entire scenario but if he has PPI he "supposes he knew because he likes to think he's not unintelligent".

• He took out a loan with LLoyds around 2005-cant remember exactly how much it was for. He had just started working, was moving into a place of his own and needed help with furniture. He had only been employed for about a year after finishing his education and so assumes if PPI was available he would have taken it. He was also offered (and took) a credit card.
• I moved in with him in 2007 with my (then) one year old son. He was looking at buying a motorbike because he wanted to take on some overtime and went into the branch "to seek financial advice". It was suggested he take a loan. He explained he already had one and the assistant opened his profile on the computer.
• The "very helpful assistant" noticed he had a loan with about £7000.00 outstanding and a credit card with a limit of roughly £2000.00 almost maxed out. He suggested taking a new loan to consolidate said debts,and taking PPI considering what a large amount his monthly payment would be. He filled in a form on the computer, printed it and DH signed it...and came home very proud of his financial savvy:p

I have looked through all our filling from that year and cannot find any information regarding his loan, all the information I can find is the "statementy type" entry on his internet banking profille. It basically has what it was at the start-what his last payment was (currently £329.00 a month) and what the current outstanding balance is.

Surely if he was already paying a loan with PPI and interest, then the new loan has a large portion dedicated to paying PPI and interest on the previous loan-and now PPI and interest on the new one? Or have I misunderstood. I realise that we can most likely write off the original loan PPI, but does it sound like we have a case on the current one?

bluefish73

Hi All

Does anyone have or know where I might be able to find a recent copy of a First Direct Credit Card application, I am trying to prove "Advised or Non Advised" and on my application form from 1999 it says above the PPI box -"We reccomend you take our this valuable cover" I am hoping that it is not on the current applications? Can anyone advise? Thanks

di3004

polkadot wrote: »

Ive recently done our SOA and have been "probing" my new husband regarding a loan he had before we got married...Id like to pick some brains to see if its worth trying to reclaim.

The current loan amount was £14000.00 (we have about £10000.00 currently owing. When I talk to him he tells me that he doesnt remember the entire scenario but if he has PPI he "supposes he knew because he likes to think he's not unintelligent".

• He took out a loan with LLoyds around 2005-cant remember exactly how much it was for. He had just started working, was moving into a place of his own and needed help with furniture. He had only been employed for about a year after finishing his education and so assumes if PPI was available he would have taken it. He was also offered (and took) a credit card.
• I moved in with him in 2007 with my (then) one year old son. He was looking at buying a motorbike because he wanted to take on some overtime and went into the branch "to seek financial advice". It was suggested he take a loan. He explained he already had one and the assistant opened his profile on the computer.
• The "very helpful assistant" noticed he had a loan with about £7000.00 outstanding and a credit card with a limit of roughly £2000.00 almost maxed out. He suggested taking a new loan to consolidate said debts,and taking PPI considering what a large amount his monthly payment would be. He filled in a form on the computer, printed it and DH signed it...and came home very proud of his financial savvy:p

I have looked through all our filling from that year and cannot find any information regarding his loan, all the information I can find is the "statementy type" entry on his internet banking profille. It basically has what it was at the start-what his last payment was (currently £329.00 a month) and what the current outstanding balance is.

Surely if he was already paying a loan with PPI and interest, then the new loan has a large portion dedicated to paying PPI and interest on the previous loan-and now PPI and interest on the new one? Or have I misunderstood. I realise that we can most likely write off the original loan PPI, but does it sound like we have a case on the current one?

Hi there

If you no documentation on the loan(s), it may be a good idea to request for a copy of the loan agreement - which would show the loan amount and the PPI etc, for this you write to request for a copy of the Credit Agreement, (remember to enclose the account number for each loan), you should find the account number next to the loan monthly repayments, on a banking statement, or if you bank online, this should allow you to go back so many years.
The copies cost a £1 each payable by either cheque or postal order, and request they supply by 12 days.

Another way would be a little more costly, is a Subject Access Request (SAR), these cost £10 cheque or postal order, and they must supply ALL they hold on all accounts. So with this if you banked with LLoyds, you can therefore enclose your bank account number in order for them to supply everything you have had with them - such as bank account details, loans, credit cards and so on.
They have 40 calendar days to comply and SAR template letter here:
https://forums.moneysavingexpert.com/discussion/1475553

However, if you both require SAR's you would I believe have to request for these separately, but not for the copies of the credit agreement.

Hope this somewhat helps.

Then onto the reclaiming......

My experience with LLoyds.........:o, well on the Credit Card PPI reclaiming they were difficult, this went as far as the Financial ombudsman service (FOS) in the end, but got there eventually through them.

Then with 3 loan ppi's, we were successful, although the first was an offer, that we were not happy with, we requested they consider and made a few points to them, within days they upheld all the way with the PPI.

Anyways........link below to the guidelines of reclaiming PPI, check it out and you will also find now that instead or using template letters, the FOS have recently issued Questionnaires, you will find these on stage one of the reclaiming, complete and send to the bank, they have 8 weeks in full to respond with a decision.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

Fingers crossed and I agree there is a good case or so there, keep at them, and please keep us posted.
And ask for help anytime.;)

Di

di3004

bluefish73 wrote: »

Hi All

Does anyone have or know where I might be able to find a recent copy of a First Direct Credit Card application, I am trying to prove "Advised or Non Advised" and on my application form from 1999 it says above the PPI box -"We reccomend you take our this valuable cover" I am hoping that it is not on the current applications? Can anyone advise? Thanks

Hi there

So you require a recent copy of FDCA?

Have you tried googling in the search engine as well?

If I come across anything I will post up, meanwhile someone will post with these details for you.;)

Fingers crossed.

polkadot

Thanks Di :A I think Im going to go the SAR route. It's only his accounts. Ive never had credit cards in my name and only ever use a classic current account (no charges if in the black) and only for household stuff.

As his first loan was incorporated into the second one, would a SAR show the details of that? DH says he doesnt want to hear anymore of the details-he says Im like a dog with a bone but I know he'll thank me later;)