We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Old paperwork
paul20112012
Posts: 10 Forumite
I had PPI on an old mortgage. Barclays claim they can't trace it. I have the mortgage offer stating there will be a "Mortgagecare" policy and the annual statements showing the monthly mortgage payments.
I don't have the MortgageCare policy or number. Is the offer and annual statements enough?
I don't have the MortgageCare policy or number. Is the offer and annual statements enough?
0
Comments
-
If the offer shows a monthly payment amount including "Mortgagecare", and your monthly statement shows the same amount, then I'd definitely challenge them.0
-
Unfortunately the offer doesn't specify an amount and the mortgage statement just shows the amount paid each month (no breakdown for interest and PPI).0
-
Why, though, do you think the policy was missold. Merely having it does not amount to a missale.0
-
I was employed and self employed and had rental income. All of these would have had to stop for me to be eligable to claim so it was never appropriate for me.0
-
I was employed and self employed and had rental income. All of these would have had to stop for me to be eligable to claim so it was never appropriate for me.
Why would it stop you? Most MPPI cover self employed and employed. Rental income has no impact.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 -
I would have needed to lose all three sources of income which wouldn't have realisticly been possible.0
-
paul20112012 wrote: »I would have needed to lose all three sources of income which wouldn't have realisticly been possible.
Rental income doesnt impact on your earned income (unless your self employment is as property). Having two sources of earned income would.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 -
paul20112012 wrote: »I would have needed to lose all three sources of income which wouldn't have realisticly been possible.
Yes it would. If you fell ill you would not be able to do either job. If your tenant moved out at the same time your rental income would stop - but you would still have to meet the overheads of the property.0 -
OK. I have multiple properties that I pay tax on profits as I do for other self employed income. Even if I died these would continue (for a while anyway). PPI would not pay out in my situation then or now.0
-
OK. I have multiple properties that I pay tax on profits as I do for other self employed income. Even if I died these would continue (for a while anyway). PPI would not pay out in my situation then or now.
You are wrong.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards