Unfortunately the above post is NOT correct.
The lender DOES have details of who the Money was paid to, what it is for, and how much was paid, and the full company details of who the money was paid to. They also have purchase orders and receipts.
To pay for the Insurance they raise a purchase order, it is a prooduct they are buying, not just throwing the money at the Insurance company.
neil421967 wrote: »
If you are both financial advisers, obviously you know then regarding mortgages and the passing around between buying companies
What rights does the mortgage payer have to say NO.
What rights does a mortgage payer have to refuse to sign a new agreement?
With PPI being purchased, Kensington at the time of completion, should have sent through the post, an FOS information pack regarding the PPI and who it was with, plus, it should be stated CLEARLY on the mortgage document what the payment was for. It was not a disbursement.
scruffyonion wrote: »
Hi hope you can help here...I have posted this before but for the life of me I cant find it so ill post it again.....
took out a mortgage in 1995 with Kensington Mortgage Co and moved in 1999 then took out a mortgage with halifax till 2006. So had the mortgage with Kensington for 4 years then with the halifax for 5 years both with brokers.
I have tried to trace these brokers but they no longer exist. Can you still claim from both mortgage companies PPI ???
hope someone responds soon
I really thought if you were paying it together with your mortgage to that particular company, there would be proof you took this ppi out
I think this is dreadful you can not claim just because you go through a broker even tho you pay this insurance together with your mortgage repayments to this company, so there is no way I can claim at all then?
Essential Money | Who & Where are you? | Work & Benefits | Household and travel | Shopping & Freebies | About MSE | The MoneySavers Arms | Covid-19 & Coronavirus Support