PPI Reclaiming Discussion Part 5

[Deleted User]

3catbat wrote: »

It was Mortgage Protection ~ not Income protection. It was made clear to me that it was for the benefit of the Halifax, not me (?!), and I either took the Policy, or I didn't get the Mortgage,

That's correct, I'm afraid.

You really wouldn't have been granted the mortgage if you hadn't also paid a Mortgage Indemnity Guarantee (MIG). This protected the lender, not you, and was indeed compulsory on a 100% mortgage or when borrowing with only a small deposit.


You really have no complaint and have wasted your time...

Sorry..

dunstonh

It was Mortgage Protection ~ not Income protection. It was made clear to me that it was for the benefit of the Halifax, not me (?!),

That is MIG. Not PPI. Mig existed until the mid to late 90s. You cant complain about MIG.

and I either took the Policy, or I didn't get the Mortgage,

Correct. That was your choice. Quite normal and acceptable.

3catbat

Firstly, my apologies to all who have replied and I don't know how to reply to them. I only seem to be able to reply to the last Post?

Yes, Royal Mail deliver my mail ~ always in a timely fashion. The Sorting Office is in the same building as Royal Mail. The Postman is a personal friend of mine. There never has been a delay in delivering mail. To have received Halifax Mail dated 6th and 7th which covered: filling in a lengthy form with 14 days to return: a "you're at Stage One", and reply immediately or 'we'll close the case' (and delivered over a 3 day period), there's something badly wrong with the Halifax's communication, not mine.

And, for your further information ~ as I was self employed in 1984, I'd taken out a Policy to cover my Income, with Friends Provident, and my income was high, therefore, should I become ill and be unable to pay my Mortgage, I was more than fully protected. Not only would I be able to cover any Mortgage, but I'd be able to actually 'live' and pay ALL my commitments... and the Halifax were shown a copy of it by me. It was also linked to the RPI. There was no reason for the Halifax to need any 'protection', and it was NOT my 'choice' to take it. I wanted the Mortgage ~ they 'demanded'/mis-sold whatever the 'protection' was called and in fact I stated that surely it was 'illegal' to protect payment of any Mortgage 'twice'? They didn't agree.

I was, in fact, a Financial Advisor at that time ~ and had a basic income which was relatively high, but which I frequently trebled as at that time ~ actually all 'income' had to be earned by commission on written business. (I know 'improvements' were made in Financial Services, but they were after I'd been offered a position as a Sales Manager with a Commercial Painting and Decorating Contractor, with rather more 'normal' hours than often seeing potential Clients most evenings or even at weekends, rather than taking time out of their busy working hours!)

All mortgages I had, had a considerable deposit. I never had anything remotely near a 100% in my life! I was a 'safe' bet for any Mortgage Lender ~ I had all my savings with the Halifax, so they knew my financial situation ~ they knew all there was to be about my financial dealings.
There was no requirement for any 'protection' for them. However, whatever you consider it was ~ it was a mis-sold ite

(Text removed by MSE Forum Team)

[Deleted User]

3catbat wrote: »

There was no reason for the Halifax to need any 'protection', and it was NOT my 'choice' to take it. I wanted the Mortgage ~ they 'demanded'/mis-sold whatever the 'protection' was called and in fact I stated that surely it was 'illegal' to protect payment of any Mortgage 'twice'? They didn't agree.

They don't agree because - as has already been explained - it wasn't either illegal or mis sold.

-taff

3catbat wrote: »

I was, in fact, a Financial Advisor at that time

Then you will know that MIG protected them, not you and it was a requirement of the mortgage which you were not compelled to take out with them.

[Deleted User]

3catbat wrote: »

I was, in fact, a Financial Advisor at that time

If that is true then you should know exactly what a Mortgage Indemnity Guarantee was and how your "complaint" therefore has no validity.

The first letter you received was just an automated acknowledgement, it's only the later letters which are directly addressing your individual concerns.

Regardless of the letters backing up and being received at the same time, there really is no point trying to advance this.

You are attempting to apply PPI complaint reasons to non-PPI insurance which covered the lender not you and was indeed compulsory.

You had the option of saving for a bigger deposit if you wanted to avoid paying this levy.

I have no idea why parts of your post have apparently been edited, so I'll leave it there.

dunstonh

And, for your further information ~ as I was self employed in 1984, I'd taken out a Policy to cover my Income, with Friends Provident, and my income was high, therefore, should I become ill and be unable to pay my Mortgage, I was more than fully protected.

Well done. It is good to see someone take their income so seriously.

However, income protection (or PPI for that matter) has nothing to do with MIG. The posts above already tell you this. I suggest you read the responses again.

However, whatever you consider it was ~ it was a mis-sold ite

No it wasnt. MIG was a bulk policy arranged for the lender which was paid for by all people borrowing above a certain amount in respect to loan to value. It was compulsory. You had no choice. It was not for your benefit. Your opinion of your risks has nothing to do with MIG. This is not PPI and it was not missold.

Magsterly

Please can anyone advise on the Halifax reclaim process?


I called the Halifax PPI helpline to check if I had PPI on a previous loan; they did not confirm whether I did or not but they opened a complaint and said that I would hear in 8 weeks.
Then I received a very large document to complete requiring a lot of personal information and stating they may call to follow up.
Please can anyone advise how much more information Halifax tend to require? Their process seems to be a lot more complex than others I have dealt with especially since they haven't even confirmed yet whether I had PPI or not?
Thanks

[Deleted User]

Magsterly wrote: »

Please can anyone advise how much more information Halifax tend to require?

Every complaint is different in this regard. Some accounts may have comprehensive records while others nothing at all.

Are you asking about specific finance or did you ask them to tell you generally if you ever had PPI?

Magsterly

I knew I had an old loan with Halifax (long paid off) and I just wanted to check whether it had PPI. It just seems strange they don't want to tell me but they wanted me to complete a 10 page statement of my finances including my employment details, medical history and savings even though I may never have had PPI with them at all?