ppi on morgage

grubsup

Hi we took out a morgage with the leeds back in 1994, we were told to get the morgage we would have to have ppi , would i have a claim against the halifax who took over the leeds or has too much time elapsed thanks

dunstonh

Hi we took out a morgage with the leeds back in 1994, we were told to get the morgage we would have to have ppi

It was quite common for 1990s mortgage deals to require the purchase of insurance to get the deal. That was allowed and still is.

would i have a claim against the halifax who took over the leeds or has too much time elapsed thanks

You can complain (not claim as that means something else). However,if it was required then there was no wrong doing. Even if it wasnt required, you are effectively making a verbal allegation which you have no evidence to back up. So, its a very easy complaint for them to reject if they want to.

_Andy_

grubsup wrote: »

Hi we took out a morgage with the leeds back in 1994, we were told to get the morgage we would have to have ppi , would i have a claim against the halifax who took over the leeds or has too much time elapsed thanks

"Claim against them" for what exactly?

magpiecottage

Even then, the question would be who to claim against. In theory, Lloyds TSB - the owner of HBOS which owns Halifax, which took over the Leeds (not so) Permanent Building Society - might have a case to answer but if a broker introduced you then your complaint would be against them and FOS would have no jurisdiction.

In addition in most ASU policies at the time (the forerunners to PPI) were sold on a monthly premium basis and there was a nine month wait for state help - by which time a lender would have started possession proceedings if payments had not been made.