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
Sold PPI in 2009 with Abbey..worth pursuing??
totalnovice
Posts: 3 Newbie
Can anyone help with a little advice…
We re-mortgaged our house back in 2009. 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 completion 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 and didn't feel as if I was being "sold" anything. During the call I know I explained my self employed status as unemployment cover is not included (I'm self employed), 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 and cannot remember if this "optional" aspect was explained or not.
It was only a few weeks back after reading posts on here I realized that it was actually PPI that I really would never be able to claim on, so cancelled it immediately.
This was a very crazy period and under a lot of pressure at the time and we were just made to feel that this was something we needed to have in place with the mortgage by Abbey.
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
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 actually already have cover in place through a private income protection policy but cannot remember discussing or being asked about this or other ways of affording the payments if we were ill at all.
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.
I would also like to know if you claim wrongly by pure mistake whether this can cause any future problems.
(I'm livid I fell for the PPI Sale during the phone call and I am adamant that I was mis-sold based on the fact it really wasn't suitable or properly explained or advised, but I am not sure if this was actual "mis-selling" or just "clever" selling to someone silly enough to accept it without looking to deeply into it?)
Can anyone offer any help or assistance on either the grounds to pursue the claim or on repercussions if they can provide the evidence that there side is covered.
Many thanks in advance
We re-mortgaged our house back in 2009. 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 completion 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 and didn't feel as if I was being "sold" anything. During the call I know I explained my self employed status as unemployment cover is not included (I'm self employed), 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 and cannot remember if this "optional" aspect was explained or not.
It was only a few weeks back after reading posts on here I realized that it was actually PPI that I really would never be able to claim on, so cancelled it immediately.
This was a very crazy period and under a lot of pressure at the time and we were just made to feel that this was something we needed to have in place with the mortgage by Abbey.
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
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 actually already have cover in place through a private income protection policy but cannot remember discussing or being asked about this or other ways of affording the payments if we were ill at all.
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.
I would also like to know if you claim wrongly by pure mistake whether this can cause any future problems.
(I'm livid I fell for the PPI Sale during the phone call and I am adamant that I was mis-sold based on the fact it really wasn't suitable or properly explained or advised, but I am not sure if this was actual "mis-selling" or just "clever" selling to someone silly enough to accept it without looking to deeply into it?)
Can anyone offer any help or assistance on either the grounds to pursue the claim or on repercussions if they can provide the evidence that there side is covered.
Many thanks in advance
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards