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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

PPI on mortgages?

itsbeef
itsbeef Posts: 801 Forumite
in Reclaim PPI & other insurance
Nit sure if I'm right on this or just a little nieve, but with a mortgage being a "large loan" can I assume that PPI could be paid on a mortgage?

If so is the process of claiming back PPI the same as with smaller bank loans?

Comments

  • dunstonh
    dunstonh Posts: 121,283 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Nit sure if I'm right on this or just a little nieve, but with a mortgage being a "large loan" can I assume that PPI could be paid on a mortgage?

    Why assume? Cant you tell? wouldn't the monthly direct debit from your current account give it away?
    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.
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Could you afford to pay for your mortgage if you didnt have this 'PPI' if say you lost your job or something drastic
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • itsbeef
    itsbeef Posts: 801 Forumite
    ok....consider myself to be a muppet:mad:
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    itsbeef wrote: »
    Nit sure if I'm right on this or just a little nieve, but with a mortgage being a "large loan" can I assume that PPI could be paid on a mortgage?

    If so is the process of claiming back PPI the same as with smaller bank loans?

    Claim it back on what grounds?
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture