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PPI Reclaiming Discussion Part 5
Comments
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My husband had a mortgage in the 80s with the Cheltenham & Gloucester. We decided to go via MSE to try and reclaim PPI even though he no longer has the paperwork. He gave as much info as he could but basically the bank are saying they can’t help as they can’t trace anything. Is there anything further we can do as he’s pretty sure he had PPI on the mortgage.
Thanks
Donna0 -
My husband had a mortgage in the 80s with the Cheltenham & Gloucester. We decided to go via MSE to try and reclaim PPI even though he no longer has the paperwork. He gave as much info as he could but basically the bank are saying they can’t help as they can’t trace anything. Is there anything further we can do as he’s pretty sure he had PPI on the mortgage.
Thanks
Donna
PPI wasn't exactly common in the 80s, he is almost certainly thinking of MIG (which cannot be miss-sold, it was protection for the bank and you could avoid it with a bigger deposit or borrowing less) or life insurance (which was often mandatory for a mortgage). On top of that, unless he got the mortgage direct from C&G rather than via a broker, then it would be pre-regulation anyway. Any which way if no-one has any records left then your complaint is over.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.
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My husband had a mortgage in the 80s with the Cheltenham & Gloucester. We decided to go via MSE to try and reclaim PPI even though he no longer has the paperwork. He gave as much info as he could but basically the bank are saying they can’t help as they can’t trace anything. Is there anything further we can do as he’s pretty sure he had PPI on the mortgage.
Thanks
Donna
Did C&G even sell PPI in the 80s? I cannot recall the dates but they advertised for many years before Lloyds bought them that they did not sell insurances.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 -
Hi. Does anyone have any experience of reclaiming PPI from Very.co.uk? I believe I have been paying PPI to them for years without realising but as I always find their customer services difficult to deal with I'd appreciate any constructive feedback. Thanks.0
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Send your complaint into them with your mis sale reasons.
It's the same procedure as with any lender.0 -
Many thanks for taking the time to reply. So it sounds like there is no point in pursuing or getting the Financial Ombudsman involved?0
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Hi. Does anyone have any experience of reclaiming PPI from Very.co.uk? I believe I have been paying PPI to them for years without realising but as I always find their customer services difficult to deal with I'd appreciate any constructive feedback. Thanks.
I don't know how you can not realise given PPI is on every statement where you carried a balance but if you feel it was miss-sold then write a complaint to them detailing your complaint reasons and evidence.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.
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Many thanks for taking the time to reply. So it sounds like there is no point in pursuing or getting the Financial Ombudsman involved?
If neither of you have any evidence you had it then no, the FOS aren't going to ask them to refund you something you have no proof you ever paid?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.
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Thank you so much MSE,
After years of following your site for money saving tips etc I finally decided to follow your ppi reclaiming guide to see what I was owed on a couple of Egg loans I took out in my youth...
I can remember at the time being annoyed that they would only allow me to have the loans if I took out PPI with them despite being in a well paid stable job....
Anyway, Friday a letter dropped through my door saying they've assessed the claim and upheld it...
I'm now awaiting a cheque for £5,000!!!!
Thank you so much!!!0
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