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!
Had PPI more than 10 years ago
Fuzzyness
Posts: 635 Forumite
Hia. A friend of mine had PPI on her mortgage for a number of years. she's since changed mortgage providers and hasnt been paying it for more than 10 years now. she feels that she was missold it. so my question is, making a claim doesnt depend on how long ago that she had PPI does it and that she would still be able to submit a claim now?
the only other issue she's got is that she no longer has details of the mortgage that she had. would her old provider should be able to provide these if she wrote or phoned them for them?
the only other issue she's got is that she no longer has details of the mortgage that she had. would her old provider should be able to provide these if she wrote or phoned them for them?
0
Comments
-
so my question is, making a claim doesnt depend on how long ago that she had PPI does it and that she would still be able to submit a claim now?
The further back you go, the less likely the seller will hold documentation. Especially on plans/products that have long since ended.
If your friend bought via a broker, then it may be pre-regulation and they dont have to consider the complaint. It may also get timebarred under the 3 year/6 year rule.
You indicate she has no documentation so evidencing her allegations are going to be hard to do as well. So, in this case, it would require a technical failing to have taken place for it to be a provable mis-sale. i.e. a verbal allegation will be easily rejected.
If she bought the mortgage via a lender and not a broker then the lender is whom she asks. If she bought via a broker/adviser/estate agent then she asks them.the only other issue she's got is that she no longer has details of the mortgage that she had. would her old provider should be able to provide these if she wrote or phoned them for them?
What is her complaint on MPPI? MPPI has far fewer complaints about it and is generally considered to be the only PPI worth having. Even the DWP set benefits on the assumption that MPPI is held. Just having the insurance is not grounds for complaint. It is considered bad advice NOT to recommend it when it is needed. It is also the only PPI that can still be sold at the same time as the debt. So, many of the complaint reasons used for loan and credit card will not apply to MPPI.
What are her reasons for 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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards