Advice needed - reclaim on PPI on Egg Mortgage

mrscmr

Hello
looking for anyone who has had success reclaiming mis sold ppi on egg mortgages. we had two egg mortgages running from 2000 - 2006 and 2001 - 2006 both with ppi on which we didnt realise until now. we are no longer running egg mortgages and i have sent off the first template letter.

anyone have any luck reclaiming ppi on egg mortgages? i think our chances are slim but i thought i would try.

thanks

mrs cmr

petermb_2

mrscmr wrote: »

Hello
looking for anyone who has had success reclaiming mis sold ppi on egg mortgages. we had two egg mortgages running from 2000 - 2006 and 2001 - 2006 both with ppi on which we didnt realise until now. we are no longer running egg mortgages and i have sent off the first template letter.

anyone have any luck reclaiming ppi on egg mortgages? i think our chances are slim but i thought i would try.

thanks

mrs cmr

Why do you think your chances are slim?
You have every chance of successfully claiming your money back

mrscmr

I know u r right, peter as i have already reclaimed £4700 since jan ... but i wont believe it till i see the colour of their money!!

di3004

mrscmr wrote: »

Hello
looking for anyone who has had success reclaiming mis sold ppi on egg mortgages. we had two egg mortgages running from 2000 - 2006 and 2001 - 2006 both with ppi on which we didnt realise until now. we are no longer running egg mortgages and i have sent off the first template letter.

anyone have any luck reclaiming ppi on egg mortgages? i think our chances are slim but i thought i would try.

thanks

mrs cmr

Hiya hun

Have you had the chance to check this out on the Success thread above?;)

mrscmr

Di
have been reading and reading over the last few days and nights... couldnt find anything specific so thought it worth ago and did the letters at the weekend. now im gonna just hold my breath and wait a few weeks!
thanks
mrs cmr

di3004

mrscmr wrote: »

Di
have been reading and reading over the last few days and nights... couldnt find anything specific so thought it worth ago and did the letters at the weekend. now im gonna just hold my breath and wait a few weeks!
thanks
mrs cmr

Hiya hun

I wish you lots of luck on this and hope you get a good outcome.

Hopefully someone else will post in soon.

Fingers crossed to you.:A

Di
X

polgster

mrscmr, was your egg mortgage ppi claim susccessful? If so, on what grounds did you claim? I had a mortgage with egg with ppi around the same time, was it auto opted in or not known about or not fit for purpose? I ask because I want to make a claim myself?

Thanks in advance

dunstonh

I had a mortgage with egg with ppi around the same time, was it auto opted in or not known about or not fit for purpose?

There is no auto opt in/out. It is a standalone product. MPPI is generally considered to be the only PPI worth having. Even the DWP set state benefits on the assumption that MPPI is held.

This is one of the main reasons why MPPI has far fewer complaints and a lower uphold rate than loan and credit card PPI. Lots of the recent MPPI threads have had the main reasons of failure with MPPI. So, you could read a couple of those to see if they apply to you.

So, what is it that makes you think it was mis-sold?

polgster

dunstonh wrote: »

So, what is it that makes you think it was mis-sold?

I've got to be honest and say that I'm not sure. For the cost of a stamp I thought it would be worth a try!

My egg mortgage was all done online nearly 10 years ago and I suspect the option to include ppi was defaulted to yes.

dunstonh

I've got to be honest and say that I'm not sure. For the cost of a stamp I thought it would be worth a try!

So, bottom line is that you are thinking about making a fraudulent complaint?

My egg mortgage was all done online nearly 10 years ago and I suspect the option to include ppi was defaulted to yes.

it is not like a personal loan or credit card where the PPI is integrated into the debt. With mortgages, it is a standalone product. If you paying the MPPI monthly by direct debit from your current account then it is not integrated in any way. If it was front loaded and added to the debt and there is no monthly payment to the MPPI then that is one of the complaint reasons. But that shouldnt be the case here.

polgster

Thanks for your help on this. I wouldnt say fraudulent, I'd say I was making sure the PPI provider adhered to the rules !

I'm amazed my online bank account allows me, but I managed to check that I wasn't paying any PPI separately back in 2004. It was one monthly payment to egg. However, they do separate the PPI payments in their 6 monthly statements. Just not sure on what grounds I'd make a claim other than auto opt-in.