Help Where To Start PPI Claim

Allan_Hay40

Hi all

I would be very gratefull if someone could give me some advice on where and how to start my claim for a mis sold ppi . I took out my first mortgage with the halifax in sept 95 . It was sold to us through our local estate agents (jones & chapman) by there IFA who worked from the estate agents office. He sold me the mortgage and a Norwich Union Accident, unemployment, sickness insurance which was paid monthly. The reason i feel it was mis sold was because he told us that legislation was changing on the 1st oct 95 and that the government would not be paying mortgage interest for 9mths if for example you where made redundant and you have to have the insurance to cover that time period (it paid out for 12mths) and pay your mortgage. After many years of paying (till about 2004/05) and never claiming i found out that wasn't the case and since i am paid full sick pay for 12 mths (as i was in 95) i decided to cancel the policy in i think 2004/2005. the reason i have took so long to get to this stage is when it came out about mis selling ppi and reclaiming i had binned all the documents i had and thought i would never be able to get the info again. I fortunately have recently receveid statements from my bank with the name and policy no of the company. So my main qustions are
1. who should i claim from (norwich union or the IFA from the estate agents)?
2. Are IFA's truly independant if working from an estate agents and i assume they would get some kind of commission from the insurance/mortgage companys (does that mean they are attached to them companys)?
3. is it acctually the case that the goverment didn't change legislation on mortgage payments if made redundant and they still did/do pay the interest on a mortgage
4. Do you think if it is the IFA i should try and claim from i am better contacting a ppi reclaim company and giving it to them because i just can,t see how i am going to get the information needed to claim from him. (it was originally 15yrs ago)He's well gone.

I know this is a bit long winded but i thought i am better putting all of the info in i can . many thanks in advance for any advice. Allan

di3004

Hi and welcome

I will leave this one for Dunstonh who will give you some advice on this for you.
Good luck.

dunstonh

He sold me the mortgage and a Norwich Union Accident, unemployment, sickness insurance which was paid monthly. The reason i feel it was mis sold was because he told us that legislation was changing on the 1st oct 95 and that the government would not be paying mortgage interest for 9mths if for example you where made redundant and you have to have the insurance to cover that time period (it paid out for 12mths) and pay your mortgage.

The legislation did change and the Govt reduced the amount they paid out.

1. who should i claim from (norwich union or the IFA from the estate agents)?

The IFA.

2. Are IFA's truly independant if working from an estate agents and i assume they would get some kind of commission from the insurance/mortgage companys (does that mean they are attached to them companys)?

The term IFA does not apply to insurance.

3. is it acctually the case that the goverment didn't change legislation on mortgage payments if made redundant and they still did/do pay the interest on a mortgage

As mentioned above, the rules did change. Indeed several times since you took it out.

4. Do you think if it is the IFA i should try and claim from i am better contacting a ppi reclaim company and giving it to them because i just can,t see how i am going to get the information needed to claim from him. (it was originally 15yrs ago)He's well gone.

A claims company is not likely to be much help. Statistically they are less likely to succeed than a personal complaint. They just the use the same template letters you can download on the web. If the IFA is no longer trading then you have to complain to the FSCS. However, 1995 is well before general insurance regulation. I would also think you are pretty much timebarred too (15 years from the event and 6 years from cancellation).

di3004

Cheers for this Dunstonh.;)