Carrington Carr Broker Fee and income protection Miss Sold - Reclaim Help

stitcherooni

My sincerest apologies for a simple mis-spelling! Ladycare has had a response to her complaint from Carrington Carr. I have taken a complaint about them to the FOS and they are investigating the insurers as CC were acting as agents for them at the time.

magpiecottage

Carrington Carr became an Appointed Representative of Legal & General on 2 November 2004 (that is two days after the FSA began regulating residential mortgages. Legal & General has no responsibility for its actions prior to that date.

In addition, the fact that it was responsible for the mortgage advice does not automatically mean it was responsible for the insurance advice which continued to be subject to the GISC code until 13 January 2005.

I think FOS may be misunderstanding this. L&G may misunderstand as well, or it may decide it is not worth fighting - or it may choose to stand its ground.

dunstonh

I have taken a complaint about them to the FOS and they are investigating the insurers as CC were acting as agents for them at the time.

That may be your argument to the FOS but when the FOS actually look at the case and check the regulatory position at the time, the outcome may be very different. Whilst it sits in the pile to be looked at, it isnt doing anything.

stitcherooni

dunstonh wrote: »

That may be your argument to the FOS but when the FOS actually look at the case and check the regulatory position at the time, the outcome may be very different. Whilst it sits in the pile to be looked at, it isnt doing anything.

No - that's not my argument to the FOS. The FOS have checked the regulatory position at the time and this was their argument.

dunstonh

stitcherooni wrote: »

No - that's not my argument to the FOS. The FOS have checked the regulatory position at the time and this was their argument.

They are wrong then. Of course, they may just be looking into the regulatory position at the time and not yet made a decision. In which case, they are right to look but the outcome should be a refusal.

bobster610

Hi
Could anyone help me with the following, i took a policy out with AWD/ Carrington Carr in Feb 2005 for a mortgage of £59.900 and a MPPI for a period of 5 yrs, at a cost of £3487, which was added to my mortgage, could i claim this back as a miss sold policy, if so, how would i go about this, all and any help regarding this would be much appreciated.

Many thanks

Bobster

magpiecottage

bobster610 wrote: »

Hi
Could anyone help me with the following, i took a policy out with AWD/ Carrington Carr in Feb 2005 for a mortgage of £59.900 and a MPPI for a period of 5 yrs, at a cost of £3487, which was added to my mortgage, could i claim this back as a miss sold policy, if so, how would i go about this

By that time Carrington Carr was an Appointed Representative of
Legal & General Partnership Services Limited.

Write to them at:

Legal & General House
Kingswood
Tadworth
Surrey
KT20 6EU

Get proof of posting (free from the Post Office) and hang on to it. No need for recorded delivery.

dunstonh

MPPi should be set up monthly premium by direct debit from your current account (or a monthly payment with the mortgage but not charged interest on). Yours was single premium and is an easy complaint. You are effectively paying for that MPPI premium for 25 odd years. Hence why it is nearly always classed as bad advice.

bobster610

Many thanks for the feed back, if anone else can help regarding this, then this will be much appreciated, i will send s letter to them, with copies of the agreements and the details, once again, many thanks

dunstonh

You dont need agreements. Indeed, for mortgages there is no point as MPPI doesnt appear on them (even single premium).