Mortgage PPI Reclaim HELP!!!!!

cjuk28

I was sold mortgage PPI with a mortgage in 2004 by Bradford and Bingley and have been paying about £22 each month since. I believe it is now with a company called st andrews and is santander bank?
Is this relevant to this issue of PPI reclaims
can someone please advise asap??

di3004

Dunstonh, one for you please and thank you.

dunstonh

have been paying about £22 each month since

Good. So we know its been set up correctly as monthly payments are how MPPI should be. Its single premium MPPI that is considered bad.

Is this relevant to this issue of PPI reclaims

Only in the same way every single financial product is. savings accounts, pensions, life assurance, investments or whatever. If they have been mis-sold then you can complain.

There is nothing wrong with the MPPI product though. Indeed, the council of mortgage lenders actually considered it bad advice for it not to be recommended when appropriate.

So, why do you think yours was mis-sold?

cjuk28

I believe it was sold at the time approx July 2003.
I have always had my own business which it Ltd and worked for myself albeit i am the only one on the books and was told it was necessary to have it.
They made it quite clear it was dangerous not too telling me i worked for myself and that if anything happened i wouldnt be able to pay my mortgage etc.

How would i send anything to the B&B as they no longer exist in fact it was the marketplace thingy i reckon.

dunstonh

I have always had my own business which it Ltd and worked for myself albeit i am the only one on the books and was told it was necessary to have it.
They made it quite clear it was dangerous not too telling me i worked for myself and that if anything happened i wouldnt be able to pay my mortgage etc.

Which is correct and not grounds for mis-sale. That is grounds for taking out income protection.

How would i send anything to the B&B as they no longer exist in fact it was the marketplace thingy i reckon.

You would send it to santander. However, at the moment, you havent given a reason why you think it was mis-sold.