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Reclaiming mortgage PPI - does it affect my financial advisor
Randy_Trouserman
Posts: 55 Forumite
Evening all,
if I try and reclaim my mortgage PPI, does it affect the financial advisor that sold me the policy?
I know mine personally, so don't want to damage our relationship.
Many thanks
RT
if I try and reclaim my mortgage PPI, does it affect the financial advisor that sold me the policy?
I know mine personally, so don't want to damage our relationship.
Many thanks
RT
0
Comments
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Randy_Trouserman wrote: »Evening all,
if I try and reclaim my mortgage PPI, does it affect the financial advisor that sold me the policy?
I know mine personally, so don't want to damage our relationship.
Many thanks
RT
Hello there
I think this is one for Dunstonh to respond to, as its in regards of mortgage ppi, good luck with this and hopefully Dunstonh will be along soon.;)The one and only "Dizzy Di"
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You could also send Petermb a private message - his signature states that he was an IFA so he'd probably be able to give you his opinion.:AIgnorance can be cured, but stupid is forever!:A
Please note: Nothing that I post constitutes professional financial or legal advice.0 -
if I try and reclaim my mortgage PPI, does it affect the financial advisor that sold me the policy?
Yes. If upheld, the adviser typically has to pay the excess in any claim. This is typically around £2500-£5000.
However, if it was mis-sold then then it was bad advice and the adviser shouldnt get away with it. It if wasnt mis-sold and you are just trying it on, then shame on you.
Why do you think your MPPI was mis-sold?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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