Advice needed - reclaim on PPI on Egg Mortgage

dunstonh

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

In the case of Egg, it is a faceless organisation. If it was a local IFA or broker, then the individual that did it could face action (including losing their job) and suffer the costs of your complaint. So, I am personally against complaints where there is no reason. However, all for complaints that do have good reason.

Just not sure on what grounds I'd make a claim other than auto opt-in.

The main areas for MPPI are:

1 - single premium is bad - monthly is good
2 - no financial need for it (if you already had income protection of long term sickness benefits)
3 - not eligible for cover (didnt meet employment criteria or had illnesses that prevented major coverage from taking place)

polgster

Going to give it a shot on the grounds that I was auto opted in and it wasnt clear I was paying ppi because I was paying a single premium.

Thanks for your help

magpiecottage

polgster wrote: »

Going to give it a shot on the grounds that I was auto opted in

It is possible but I suspect it is unlikely.

it wasnt clear I was paying ppi because I was paying a single premium

But you said they separated it in six monthly statements.

If you took it out "nearly ten years" ago, then it would be more than nine years since the first notification that PPI was being charged for was sent to you.

That in turn begs the question "why did you not query it in 2002?"

polgster

magpiecottage wrote: »

That in turn begs the question "why did you not query it in 2002?"

I was young, stupid, never read any statements

The mortgage ran for 5 years and I paid £30+ for nothing. It was a joint mortgage/policy and we both worked so I've no idea why I took it anyhow.

So 5 x 12 x 30 + interest has got be worth a go.

hueknight1969

has anyone had any luck with this?

dunstonh

hueknight1969 wrote: »

has anyone had any luck with this?

luck with what?

hueknight1969

claiming ppi money back from egg on a mortgage

dunstonh

hueknight1969 wrote: »

claiming ppi money back from egg on a mortgage

On what grounds?

I would have thought egg MPPI was monthly premium and also set up on direct offer/execution only basis. So, what would be your reasons for complaint?

polgster

polgster wrote: »

Going to give it a shot on the grounds that I was auto opted in and it wasnt clear I was paying ppi because I was paying a single premium.

Thanks for your help

This worked for me, expecting a cheque in the next few days. Didn't need to go to the ombudsman, just had to wait a long time as you can see from the date of my previous posts :j