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Mortgage Payment protection ppi YSB anyone claimed
lozza1972
Posts: 3 Newbie
:EasterBun:think:Hi, I have a claim in process at the moment from my mortgage payment insurance from yorkshire building society who i belive use pinnacle insuranc. My initial claim was declined from the YSB so i have sent a letter of complaint to the Financial Ombudsman. Has anybody had any success with regards to reclaiming mortgage PPI ???
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:EasterBun:think:Hi, I have a claim in process at the moment from my mortgage payment insurance from yorkshire building society who i belive use pinnacle insuranc. My initial claim was declined from the YSB so i have sent a letter of complaint to the Financial Ombudsman. Has anybody had any success with regards to reclaiming mortgage PPI ???
Good luck Lozza.
Maybe Dunstonh will also post up with some advice for you on this one.;)The one and only "Dizzy Di"
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Has anybody had any success with regards to reclaiming mortgage PPI ???
It doesnt get anywhere near the same level of success as loan and credit cards. The main reasons are that:
1 - most are sold under an advice process (which means there is a needs analysis and factfind and the person was qualified and authorised).
2 - most are set up how they are meant to be. i.e. monthly by direct debit from your account.
Unless yours is single premium MPPI or you were not eligible then there is no reason for the complaint to be upheld.
What reason did you give for your complaint?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 -
when we took our mortgage 5 years ago we said that we did not want the ppi as my partner is on full pay if on sick and i also work so we would not need it. the advisor said its free for the first 6 months so you may as well have it so we agreed. as time went by i completely forgot that we had the mppi until recently. my mortgage deal is coming to an end so was looking through the paperwork and realised we had been paying the mppi all this time. i wrote the complaint letter to ysb and they responded saying that a telephone conversation took place in wich i said that my partner would not recieve any pay if he was off work sick !and that i agreed that we would like the mppi to continue. This conversation never took place. why would i say that when my partner recieves full sick pay.
i have now taken the complaint to the financial ombudsman. see what happens.0
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