PPI Reclaiming Discussion Part 5

Queeney414

Hi, im new to all this, in the past ive had a commercial mortgage with Norwhich & Peterborough, spread over 25 years, about 7 years ago i was fortunate enough to have sold my business and paid off the mortgage, my questions is, Was PPI mis-sold on commercial mortgages?

On the back of my mortgage statements it says important note, 3. MORTGAGE PAYMENT PROTECTION INSURANCE.

Thanks

Queeney

dunstonh

Was PPI mis-sold on commercial mortgages?

Anything can be missold. In terms of MPPI, it a type of PPI that is still retailed today and considered important. It suffers fewer issues than loan or credit card PPI and the number of sucessful complaints is lower than both of those types.

Nothing you have said in your post suggests any mis-sale. it would be considered quite normal to have MPPI with a mortgage. Do you have any reason to consider it being missold?

Queeney414

No reason to think I have been mis-sold, was just watching this morning with Martin Lewis on it talking about PPI, so i thought I would just check.

Thanks

dunstonh

Queeney414 wrote: »

No reason to think I have been mis-sold, was just watching this morning with Martin Lewis on it talking about PPI, so i thought I would just check.

Thanks

Unfortunately, the PPI issue means that plenty of people with genuine decent policies that had a purpose are being questioned because 1-minute segments on TV do not give any chance to give caveats or mention things that were good and correct.

Humdinger1

Hello - is an SAR the start point if you can't find paperwork but know the companies? Also, if you want to show a previous address in the MSE credit club, how to do so as update settings only seems to allow you to put newer addresses in, not older ones. Thanks very much Humdinger

dunstonh

is an SAR the start point if you can't find paperwork but know the companies?

The SAR is the option you use if you think the bank or firm is not giving you the correct answer. If you know the companies involved then you do not need a SAR. You just ask the company if you had PPI.

Humdinger1

Thanks Dunstonh

Esingleton

Please help
I have been trying to claim back my ppi I'm almost positive I had, I took it out on a car loan to which I had a guarantor so I didn't require it and didn't understand the loan was taken out with busseys and I have a statement that was capitol bank but I don't know who to contact in order to claim the money back

If anybody knows what I can do I would be very grateful
Many thanks

[Deleted User]

You complain to whoever sold you the PPI.

Esingleton

How do I know where to find them - as far as I'm aware no longer trading - would I have to claim through car garage?