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Any Advice...?
totalnovice
Posts: 3 Newbie
Hi, This is my first posting and already have a couple of PPI claims underway after reading through various posts on here, but this one is a little different and I wanted some advice before proceeding.
We re-mortgaged our house back in 2009 in order to raise some capital. We took out a Mortgage with Abbey National. At the time of taking the mortgage I was advised that I would be contacted soon after to arrange the protection.
To be honest I didn't pay too much attention to the call when it happened a few days later as it seemed to feel just part and parcel of the loan deal itself. I know I explained my self employed status as unemployment cover is not included, but I cannot remember what else I was asked or what was discussed. I certainly do not recall being made aware that this sort of cover was optional and available elsewhere at more competitive prices, but I cannot remember if this "optional" aspect was explained or not.
This was a very crazy period at the time and as we tried to keep our heads above water and we were just made to feel that this was something we needed to have in place.
1. I don't remember discussing, knowing or being aware of this policy being offered as "optional" until I read posts on here about two months ago and researched my own policies in more detail (Up to that point I had no idea I too have had three PPI's over time!!)
2. The cover is joint for both myself and my wife, although I know that she was never consulted or spoken to in regards to her health or personal situation etc
3. I did actually already have cover in place through a private income protection policy but I know I didn't mention this at the time as I was somehow unaware that these two insurances were in fact the same thing.
I am aware that banks were a lot more on the ball in 2009 compared to earlier and don't want to put a claim in and "rock the boat" so to speak and I certainly don't want to jeopardize my mortgage.
Can anyone offer any help or assistance?
Many thanks in advance
We re-mortgaged our house back in 2009 in order to raise some capital. We took out a Mortgage with Abbey National. At the time of taking the mortgage I was advised that I would be contacted soon after to arrange the protection.
To be honest I didn't pay too much attention to the call when it happened a few days later as it seemed to feel just part and parcel of the loan deal itself. I know I explained my self employed status as unemployment cover is not included, but I cannot remember what else I was asked or what was discussed. I certainly do not recall being made aware that this sort of cover was optional and available elsewhere at more competitive prices, but I cannot remember if this "optional" aspect was explained or not.
This was a very crazy period at the time and as we tried to keep our heads above water and we were just made to feel that this was something we needed to have in place.
1. I don't remember discussing, knowing or being aware of this policy being offered as "optional" until I read posts on here about two months ago and researched my own policies in more detail (Up to that point I had no idea I too have had three PPI's over time!!)
2. The cover is joint for both myself and my wife, although I know that she was never consulted or spoken to in regards to her health or personal situation etc
3. I did actually already have cover in place through a private income protection policy but I know I didn't mention this at the time as I was somehow unaware that these two insurances were in fact the same thing.
I am aware that banks were a lot more on the ball in 2009 compared to earlier and don't want to put a claim in and "rock the boat" so to speak and I certainly don't want to jeopardize my mortgage.
Can anyone offer any help or assistance?
Many thanks in advance
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