We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
PPI Reclaiming Discussion Part 5
Comments
-
Thankyou for reply.
Tbh, at that point I was, and still am, just grateful to see some light at the end of a very dark tunnel.
Best wishes and thanks again0 -
Ok, Thankyou, I’ll try that. Nothing ventured etc 🙂0
-
Good afternoon
Im hoping someone can offer me advice, we took out a mortgage in 1989 that includied ppi and i put in a ppi claim for this I recieved a reply yesterday offering me a settlement which is great, they also have looked into a more recent mortgage we took out in 2004 this also has ppi that we knew we were taking but they have also offered a settlement on this due to the fact they are unsure it met our needs at the time which is also great but im unsure whether to keep they more recent ppi in place our mortgage has 6 years left to run and we would stuggle to pay it if my husband came out of work as his is the only income, can anyone offer any advice please i dont want to make to make the wrong decision. many thanks0 -
If you complain about the policy it will be cancelled - you can't have a refund of a policy and keep the policy so you need to speak to an adviser about whether it's necessary
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
0 -
thanks i didnt expect them to look into the newest policy as i only sent details for the old one not the the existing one0
-
thanks i didnt expect them to look into the newest policy as i only sent details for the old one not the the existing one
They are required to.
You cant have your cake and eat it.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.0 -
No, but you need to realise that complaints of wrongdoing are taken very seriously because the regulator insists this is the case.I wasn't trying to have my cake and eat it as you put it! Is there really any need?
If you want to keep the (useful?) insurance on your current mortgage then you need to formally withdraw your complaint. If not it will be cancelled and refunded.
You can't have both a refund and continuing insurance cover; it's one or the other.
Understand and appreciate that PPI on mortgages is still retailed today.0 -
They have sent 2 settlement forms one for the old one for the new so if I only return the old one would the more recent one still carry on as normal?0
-
Accept any refund and that insurance will be cancelled.They have sent 2 settlement forms one for the old one for the new so if I only return the old one would the more recent one still carry on as normal?
You should formally withdraw your complaint in writing if you want continuation of your current insurance.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards