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Does my letter make sense?

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  • <<bump>>

    Can anyone help, please?
  • maxdp
    maxdp Posts: 3,873 Forumite
    No it does not seem right but that is what they do. If you refinance they will take the PPI payments off first then the Loan on a sliding scale.

    If they refund the PPI then they should put you back in a position as if you had never had PPI. You need to make sure that you tell them that you are claiming on a re financed loan because the PPI that you paid on the first Loan would have affected the amount of the refinanced loan that you took out.
    :mad:
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