We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Payment Shield PPI mis-sold

gico1972
Posts: 2 Newbie
In 1996 we applied for our first mortgage through an independent broker. Mortage was with Birmingham Midshires and part of package offered by the broker included Life Insurance and PPI.
The Broker no longer exists and we have since changed lender a few times but have continued to pay the PPI policy through payment shield.
I am wanting to claim back the PPI based on being ill advised that the PPI was compulsory with the mortage application. Being first time lenders we had agreed to this and completed all necessary paperwork.
We have never made a claim against this policy however 2 instances have been declined payout by payment shield a) 10 week absence from work following surgery b) Redundency
Appreciate some guidence on this matter and if there is a genuine claim to be made to have PPI refunded.
Thanks
The Broker no longer exists and we have since changed lender a few times but have continued to pay the PPI policy through payment shield.
I am wanting to claim back the PPI based on being ill advised that the PPI was compulsory with the mortage application. Being first time lenders we had agreed to this and completed all necessary paperwork.
We have never made a claim against this policy however 2 instances have been declined payout by payment shield a) 10 week absence from work following surgery b) Redundency
Appreciate some guidence on this matter and if there is a genuine claim to be made to have PPI refunded.
Thanks
0
Comments
-
I am wanting to claim back the PPI based on being ill advised that the PPI was compulsory with the mortage application.
You cant.
1 - It is a verbal allegation to which you have no proof.
2 - the broker doesnt exist anymore and its before regulation
3 - you have given no indication that it there is a technical failing (i.e. not needed)Appreciate some guidence on this matter and if there is a genuine claim to be made to have PPI refunded.
Doent appear to a genuine complaint. Mortgage brokers are allowed to insist on you taking the insurance via them and the person you complain to no longer exists. Game over.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 -
-
In 1996 we applied for our first mortgage through an independent broker. Mortage was with Birmingham Midshires and part of package offered by the broker included Life Insurance and PPI.
The Broker no longer exists and we have since changed lender a few times but have continued to pay the PPI policy through payment shield.
I am wanting to claim back the PPI based on being ill advised that the PPI was compulsory with the mortage application. Being first time lenders we had agreed to this and completed all necessary paperwork.
We have never made a claim against this policy however 2 instances have been declined payout by payment shield a) 10 week absence from work following surgery b) Redundency
Appreciate some guidence on this matter and if there is a genuine claim to be made to have PPI refunded.
Thanks
Hello how is this one progressing or not?"onwards & upwards"0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.3K Banking & Borrowing
- 252.9K Reduce Debt & Boost Income
- 453.2K Spending & Discounts
- 243.3K Work, Benefits & Business
- 597.8K Mortgages, Homes & Bills
- 176.6K Life & Family
- 256.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards