Can anyone advise re: ppi???

rainingagain_2

Hi, I'm a newbie and just tried to post my first thread, only to accidentally press something and lost it all!
Here's the deal: Me and my husband first took out a mortgage 12 years ago and were 'persuaded' to take out ppi on it at the time.
Since then, we have moved our mortgage to Abbey National, then 7 years ago to First Active, where we remain to date.
We changed our ppi to Abbey's cover in 2002, as we were under the lasting impression from our previous broker that ppi was an absolute must, even though we are both covered for accident and sickness throug our respective employers!
We have been paying on this policy ever since then at a rate of around £19 per month, although 2005 was the year we moved to First Active. No-one at Abbey has contacted us to say this policy is no longer relevant or applicable.
My questions are: a) Have we naively been paying on a policy which no longer applies to our current mortgage? and: b) do we have any sort of claim for refund, as Abbey have been less than forthcoming (incommunicado) about the policy's relevance?
Hope this makes some sort of sense, and someone can (please) advise?:o
Thank you!!

magpiecottage

rainingagain wrote: »

Me and my husband first took out a mortgage 12 years ago and were 'persuaded' to take out ppi on it at the time.

2000 predates the GISC code by a year.

We changed our ppi to Abbey's cover in 2002, as we were under the lasting impression from our previous broker that ppi was an absolute must, even though we are both covered for accident and sickness throug our respective employers!

That means the broker was responsible for the earlier sale and because it was so long ago it will not be regulated. However, unless you can show that the ill health benefits from your employer would have been pretty much full pay there would have been a need for cover. In addition, what would you have done if you had lost your jobs?

We have been paying on this policy ever since then at a rate of around £19 per month, although 2005 was the year we moved to First Active. No-one at Abbey has contacted us to say this policy is no longer relevant or applicable.
My questions are: a) Have we naively been paying on a policy which no longer applies to our current mortgage?

My previous points still apply. The fact that you have a different mortgage is unlikely to change this.

b) do we have any sort of claim for refund, as Abbey have been less than forthcoming (incommunicado) about the policy's relevance?

I don't think so - it would not have been known about the policy once it was set up with the insurer.