Mortgage payment protection

[Deleted User]

Hi all
just thinking about claiming for my MPPI charges, i was told i had to have this as part of the direct line mortgage although nothing in writing
i have just finihed work and about to go to bed, anyone know where to find a letter with the blanks on here for MPPI claims
much appreciated for any help and advice
i have had a quik search but cannot find anything, perhaps i have my sleep head on lol
regards
douglas

alibalibee_4

The basic ppi letter on martin's site works. The same one you would send for ppi for a loan or a card just type in to the letter, your account number mppi reference and how much you have been paying and for how long. We have just sent letter 2 months ago and got mppi refund of £7500. Good luck!!!

magpiecottage

douglas670 wrote: »

Hi all
just thinking about claiming for my MPPI charges, i was told i had to have this as part of the direct line mortgage although nothing in writing

If there is no evidence of this then it will almost certainly be rejected.

In addition, "must" can mean "it is compulsory" or "it is essential".

In the case of the former, it would be a wrong if you were told it was compulsory when it was not.

However, the Mortgage Code Compliance Board advocated offering it to all borrowers - and getting them to sign a disclaimer if they refused it - because the consequence of being unable to meet the monthly payments would be the loss of your home. Remember until recently no state help would be available for nine months if you lost your income and by then it could easily be too late.

In other words it was a "must have" in the sense that it was essential.

dunstonh

i was told i had to have this as part of the direct line mortgage although nothing in writing

Which makes it an unprovable allegation which is easy to reject (you could making it up as easily as they could have told you)

The basic ppi letter on martin's site works. The same one you would send for ppi for a loan or a card just type in to the letter, your account number mppi reference and how much you have been paying and for how long. We have just sent letter 2 months ago and got mppi refund of £7500. Good luck!!!

It is not just as easy with MPPI. MPPI has the lowest complaint stats and the lowest uphold rate. Some claims companies dont even advertise about complaining on mortgage PPI as it has a lower chance of success. This doesnt mean you will not get success. Especially when you have lenders like Halifax auto paying out on complaints to clear the backlog. However, not all do that and First Direct are not believed to be doing that.