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c&g ppi mortgage advice please
beathebanker
Posts: 77 Forumite
hi
the last 10 years have been a financial car crash in short..i have received barclaycard ppi refund..mbna have upheld 3 loans-waiting calculations..now my last one..
in short had mortgage with c&g 2000-2004,i have always been self employed i was told by having the ppi with lloyds tsb it would greatly enhance my chance of mortgage success and that as i was self employed i really needed-silly me..hindsight..well i got mortgage and paid 40 quid a month to ppi thingy..my work went down the pan..i rang c&g told them i wanted to claim..they said as i was self employed i couldnt !..in short again we had to put house on market and sell it..it sold within 3 months as it was the best house we could ever have..
advice please
the last 10 years have been a financial car crash in short..i have received barclaycard ppi refund..mbna have upheld 3 loans-waiting calculations..now my last one..
in short had mortgage with c&g 2000-2004,i have always been self employed i was told by having the ppi with lloyds tsb it would greatly enhance my chance of mortgage success and that as i was self employed i really needed-silly me..hindsight..well i got mortgage and paid 40 quid a month to ppi thingy..my work went down the pan..i rang c&g told them i wanted to claim..they said as i was self employed i couldnt !..in short again we had to put house on market and sell it..it sold within 3 months as it was the best house we could ever have..
advice please
0
Comments
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i was only young and not money savvy i just did what the banks told me to do and had no idea of the consequences..am i out of time to do a ppi on this and is it worth me doing it0
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am i posting in the right place im not sure0
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What is your reason for complaint? C&G MPPI does cover the self employed (you need to cease paying class 2 NI and sign on). It does not cover quiet working periods as that is not unemployment.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
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my reason for complaint is when i rang them toold them of my circumstances.i was told flatly i was ineligible to claim,..not a sign on stop class 2..just that0
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it was not a quiet working period i was self employed but all my weeks work was for one company0
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beathebanker wrote: »it was not a quiet working period i was self employed but all my weeks work was for one company
If you signed on and they rejected your claim then you do have a valid reason 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
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