Carrington Carr Home Finance in administration

kimdegsidash

magpiecottage wrote: »

Sorry - didn't spot this.

Anything to do with mortgages (including MPPI) from 2/11/04 go to Legal & General.

Prior to that you are sunk, I'm afraid.

Hi Magpie
I was sold a lump sum MPPI by Carrington Carr as part of a re-mortgage package in 2004 but for me the really terrifying bit is that the discussions and home visits took place in October and the MPPI policy is dated 3 November 2004. So, my question is which side do I fall?
Thanks for any useful advice you can give.

dunstonh

It is the date you signed the application that matters. Not the date it went into force.

Was it an L&G policy you were sold?

magpiecottage

Typically, MPPI is applied for with the mortgage and takes some time to go into force - so I think you are probably out of luck.

kimdegsidash

dunstonh wrote: »

It is the date you signed the application that matters. Not the date it went into force.

Was it an L&G policy you were sold?

No, it was a D&D Homecare policy. It says they are members of the GISC on the policy document.

magpiecottage

That will not help you unless AWD did not subscribe to the GISC code

If they did then D&D has done nothing wrong. If did not then D&D breached the code by accepting the business and you have a valid complaint about the PPI.

kimdegsidash

magpiecottage wrote: »

That will not help you unless AWD did not subscribe to the GISC code

If they did then D&D has done nothing wrong. If did not then D&D breached the code by accepting the business and you have a valid complaint about the PPI.

Thanks Magpie.

So, this is quite important to me then as it seems I won't be able to make a claim for mis-sold PPI against AWD/Carrington Carr under the FSA rules as I probably signed the application form prior to 2 November 2004 (the date they became FSA registered).

I wonder how I go about finding out if AWD/Carrington Carr subscribed to the GISC code in Sep/Oct 2004?

lemonade_lifestyle

So...
Please just confirm, a mortgage and life insurance and PPI arranged in Dec 2001 cant be claimed as mis sold as they werent FSA regulated?

magpiecottage

lemonade_lifestyle wrote: »

So...
Please just confirm, a mortgage and life insurance and PPI arranged in Dec 2001 cant be claimed as mis sold as they werent FSA regulated?

Not quite. It is FOS jurisdiction that counts.

AWD/Carrington Carr never had FOS jurisdiction in its own name.

andanthony

We seem to be in the same situation as everyone else, Recieved a letter from Martin Kaye solicitors back in April, but I have'nt actually done anything about it, I would just like to know if I should write a letter to Legal and General or do I need to send the form that I have already downloaded from this site. We also took our the mortgage protection in 2007,which we have always had because of my husbands job, but we were'nt very happy about paying it all up front,but were advised that it would be cheaper to do this.but we realise now that they must have made a fortune out of everyone who they done this to, and we are going to try and get it sorted ourselves, rather than paying someone who could possibly take half. Thankyou.

magpiecottage

Yes - complain to L&G.

If they also told you to pay a fee to cover future mortgage advice complain about that too - do not accept an undertaking from L&G to provide the advice, arguing that if it had been explained that the extra fee could instead have allowed you to borrow less and avoid interest costs you would have chosen to do that.