Blemain Finance

kez917

Hi, I wrote a post earlier but lost it. I am new to this.

I took out a secured loan in 2008 for 30000, with Blemain Finance. That was the amount that I recieved. The opening balance was a little over 35000. I repaid the loan when I sold the property in nov 2009 and the repaid balance was just over 38000. When I took out the loan I know that ppi was included but am not sure in what capacity. I only have the lender and the account number. I also know now that in all likely hold I would not have qualified for the use of the ppi as I had a medical issue in the form of visual impairment and head/brain injury. This was not discussed at the time of the loan being issued.

I do not want to use one of these firms that keep ringing with pre recorded messages and really don't know where to start. Please can somebody point me in the right direction for starting? And do I even have a claim?

Any advice or recommendation would be gratefully recieved.

The loan term was for 15 years at 483 p/m. If anyone can help, thank you

amersall

This ppi was put on at the start of the loan and you paid this back to term end with interest, this is front loaded ppi and this is a good reason for mis sell.
You put the claim into Blemain.

Look here for reasons for mis sell
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step2
use any more that applied to you.

You can diy this and keep any redress you may get, you will put the claim in and a company will take a huge % of any redress and you do all the leg work!!.
Stick with us and we will help you for free.

Jmdavey

Hi Kez917.
Would be interested to hear how you get on with Blemain.
We have also been mis-sold by them.

Does anyone know how to access template letters??

Thanks!!!

amersall

What letter do you need?.

magpiecottage

amersall wrote: »

What letter do you need?.

I think the OP just needs to write and complain that PPI was single premium and added to the loan. I can't see how a £30K loan would result in a £35K opening balance without it - although valuation/legal fees may account for part of it.

amersall

Hi Kez917.
Would be interested to hear how you get on with Blemain.
We have also been mis-sold by them.

Does anyone know how to access template letters??

Thanks!!!

I was answering this poster Magpiecottage and not the original one

magpiecottage

amersall wrote: »

I was answering this poster Magpiecottage and not the original one

Fair enough. I suppose if the new poster has the same problem then the answer works for them too.

kez917

Thanks guys, for your replys, I have requested a breakdown of the policy and will update when I receive it.