PPI Reclaiming Discussion Part 5

-taff

You've gone as far you can go.
However, MPPI is not the same as PPI. What exactly did you have?

[Deleted User]

Tommy_sixspeed wrote: »

A bit of a dilemma of what I can do now

No "dilemma", I'm afraid.

Simply put, your complaint is now over.

The Ombudsman did not "try" on your behalf. What the Ombudsman service did was look to see if your complaint was unfairly rejected. They agreed with the bank that, despite you being "aghast" at finding out that you'd signed your agreement to insurance protecting your mortgage, you were not mis-sold it.

You then appealed the decision for some reason, but the result was the same.

You could try taking the Bank to court, but that's not recommended unless you have a very robust complaint (which you don't appear to have).

Note that most Mortgage PPI covered the self employed and that forgetting that you signed your agreement to insurance decades ago is not the same as having it added without your knowledge and permission.

Sorry.

-taff wrote: »

However, MPPI is not the same as PPI. What exactly did you have?

PPI on a mortgage is MPPI!

dunstonh

Sorting through some old paper work and was aghast to find I'd paid for PPI on 2 mortgages

Why aghast? You make it sound as if that is wrong.

A few weeks later got a letter from the Ombudsman saying they were siding with Lloyds and no refund for me, upon which I refused the outcome and insisted on another look at my case, it went to another person at the Ombudsman office and again they have come out in favor of Lloyds.

Not a surprise. This is MPPI after all and not loan/credit card PPI.

My personal situation at the time of said policies was self employed, and never in my life have I taken any sort of insurance like this out or ever would, I don't even bother with extended warranties on anything. A bit of a dilemma of what I can do now, or is it that I have no recourse and no refund?

You never said what your reasons for complaint were. Or if those unprovable allegations were it then its no wonder the complaint failed.

Its game over for you.

-taff

Moneyineptitude wrote: »

PPI on a mortgage is MPPI!

When most posters think it's the same thing, sold in the same way and subject to the same failings I was hoping the OP would respond by saying, it was critical illness, for example, which is definitely not PPI and would still pay out to the self emlployed.

MPPI is not sold in the same way, it's not subject to the same failings but it seems like the OP thinks it is.

frankie1star

today I have received an offer from Santander of £37.63

refund of ppt £19.14
Assoc interest £2.57
Any over limit fees bebg refunded £0
8% interest £19.90
Any successful claims made by you against the PPI policy £0
Gross redress amount £41.61
Income tax deducted @20% £3.98
total sum of £37.63

I made an opportunistic claim, and turned up with this, does this seem realistic?

[Deleted User]

Realistic in what way?

frankie1star

I've not followed much about PPI, but I wondered is there ever a counter offer to be made, do they come in low with a small offer can it negotiated up?

[Deleted User]

There's no counter offers. It's not a Moroccan bazaar.

The offer is based on a defined calculation. If you think the figures in the calculation are wrong, let them know.

[Deleted User]

Deleted_User wrote: »

If you think the figures in the calculation are wrong, let them know.

Better advice would be for the OP to only refuse the offer if he has documentary evidence showing he paid more than they are refunding. No point going back to them if he only "thinks" the offer is wrong.

I agree the amount cannot be somehow bartered....

Michael_J_Green

Nationwide BS tell me that they have no records dating back beyond the statutory six years, so dismiss my claim in relation to Anglia Building Society from 1978 out of hand. Do I give up?