Who do I claim from - mortgage provider or IFA

karensky

I have read with interest about mis selling of MPPI. In 2004 my partner and I bought a house. Being first time buyers and struggling to find a mortgage we used the help of an independant finacial advisor who sourced us a mortgage through Northern Rock, who were the only company who would give us a mortgage at the time. The IFA advised that Northern Rock would only give us a mortgage if we got both ASU and life insurance and wanted also wanted proof that we had purchased it. Being new to this we accepted that as a basis for getting the mortgage and our first home. This was besides the fact that I was a civil servent and therefore was eligible for both death in service benefit (as did my partner) and a generous sick policy. The IFA arranged both ASU (£37pcm) and life insurance (£42pcm) for both of us. It's only been in the last 2 months when I have looked at reducing my outgoings did I realise we were sold comparitively expensive policies and that because we were told we had to have them both before proceeding with the mortgage we could have been mis sold them. Have I got a right to claim and if so, do I claim from Northern Rock or from the IFA that we used. I'm confused!?! If anyone can shed some light, would be really grateful.

payless

If you have a query - likely broker/ifa unless the products were from NR themselves

natweststaffmember

If you ask the question in the PPI forum, I am sure they will be able to answer the question for you.

dunstonh

posted on your duplicate thread in the PPI forum

http://forums.moneysavingexpert.com/showthread.html?t=1854977

If board guide/mod reads this, can you merge the threads please.