Have i got a case?

marief100

when we hade our 1st mortgage (1997) we were sold both ppi and home/contents insurance from ltsb as part of the mortgage package. We were not told that it was optional and for many years our household ins stayed with them. When we took further advances on our mortgage the ppi was automatically added to the new loan. It was only recently that i realised that we had paid ppi! We remortgaged to another provider in 2003 and have all of the paperwork showing payment to ltsb for ppi for over £100 per month. Does anyone think that i have a case for claiming it back, or was it too long ago to prove that i didn't know that i had ppi?

di3004

marief100 wrote: »

when we hade our 1st mortgage (1997) we were sold both ppi and home/contents insurance from ltsb as part of the mortgage package. We were not told that it was optional and for many years our household ins stayed with them. When we took further advances on our mortgage the ppi was automatically added to the new loan. It was only recently that i realised that we had paid ppi! We remortgaged to another provider in 2003 and have all of the paperwork showing payment to ltsb for ppi for over £100 per month. Does anyone think that i have a case for claiming it back, or was it too long ago to prove that i didn't know that i had ppi?

Hi there.;)

Dunstonh if your about, please do you think you can check and help on this one please........:D, cheers so much.

marshallka

marief100 wrote: »

when we hade our 1st mortgage (1997) we were sold both ppi and home/contents insurance from ltsb as part of the mortgage package. We were not told that it was optional and for many years our household ins stayed with them. When we took further advances on our mortgage the ppi was automatically added to the new loan. It was only recently that i realised that we had paid ppi! We remortgaged to another provider in 2003 and have all of the paperwork showing payment to ltsb for ppi for over £100 per month. Does anyone think that i have a case for claiming it back, or was it too long ago to prove that i didn't know that i had ppi?

Were they stand alone monthly payments or an actual single premium that had interest on?

marief100

I had 1 monthly payment which inc ppi. On my annual mortgage statements it showed as a monthly payment to ppi of 'x' amount on each mortgage account (further advances and main account).

northern_soulie_2

Hi Marief 100 you are not on your own pal! I also had further advances added to my mortgage and every time another PPI policy was added. Am I a victim of mis-selling? I know I am paying around £100 a month. Can somebody out there please tell me....

marshallka

northern_soulie wrote: »

Hi Marief 100 you are not on your own pal! I also had further advances added to my mortgage and every time another PPI policy was added. Am I a victim of mis-selling? I know I am paying around £100 a month. Can somebody out there please tell me....

Love you "user name" and also the music too.;)

As regards your misselling then if you had a single premium mortgage PPI then there is a chance it was missold. I am sure dunstonh will see this thread and post up with good advice. As you say that further advances were added it does sound like these were single premiums???

dunstonh

Sorry. Didn't see the thread. I tend to go by thread title or when one of you gives me a PM push to it

when we hade our 1st mortgage (1997) we were sold both ppi and home/contents insurance from ltsb as part of the mortgage package. We were not told that it was optional

I was still working for Lloyds, just, in 1997 and insurance was compulsory on a number of their deals back in the 90s. It used to be allowed then.

Lloyds always did monthly MPPI, never single. So, the option to complain on that part doesnt apply. It really only leaves eligibility. I think any attempt to claim on the basis of being told it was compulsory is unlikely to succeed. However, some of the PPI providers are being generous at the moment (as well as some that are being awkward). So, even cases that shouldnt be paid out are.

marshallka

dunstonh wrote: »

Sorry. Didn't see the thread. I tend to go by thread title or when one of you gives me a PM push to it



I was still working for Lloyds, just, in 1997 and insurance was compulsory on a number of their deals back in the 90s. It used to be allowed then.

Lloyds always did monthly MPPI, never single. So, the option to complain on that part doesnt apply. It really only leaves eligibility. I think any attempt to claim on the basis of being told it was compulsory is unlikely to succeed. However, some of the PPI providers are being generous at the moment (as well as some that are being awkward). So, even cases that shouldnt be paid out are.

My error dunstonh for not pming you;).