Ppi or not?

AmazonIgg

I am pretty sharp and have always been attentive to PPI and the like and always declined such as daylight robbery.

However, someone I was speaking to recently has sown a seed of doubt in my mind in that I may unknowingly have been paying PPI or insurances disguised as admin, arrangement or other fees on my mortgage with Santander.

Does anyone know whether this is possible or whether the PPI would have been, (or should have been!), cleary shown as such on the paperwork. A few years ago just before the rates dropped I reluctantly paid a significant sum to get out of a fixed rate and also fees on moving between mortgage products. I have all the paperwork and have read through it but cannot see whether the rascals have hoodwinked me in any way.

How can I find out for sure? I haven't asked, but I doubt very much if Santander will tell me!

I also doubt very much that I have a case but it would be very welcoming if I did!!

dunstonh

However, someone I was speaking to recently has sown a seed of doubt in my mind in that I may unknowingly have been paying PPI or insurances disguised as admin, arrangement or other fees on my mortgage with Santander.

Not possible.

How can I find out for sure? I haven't asked, but I doubt very much if Santander will tell me!

You do need to reign in the paranoia a bit. The PPI issue is still only on a minority of people and it is not hidden. It is not misnamed under some fake entry. It cannot be hidden.

On loans, it is often front loaded and added as a single payment at the start of the loan. It has to appear on the credit agreement as it is done that way and it will appear on the loan statement.

On credit cards, it appears as a transaction in the same way any other transaction does.

on mortgages, if set up correctly, it will be a standalone monthly direct debit from your current account. On older mortgages, there were some that would collect the payment for your insurances with the mortgage but these would appear on your mortgage statement. If set up incorrectly, a single premium would be added to the mortgage and the amount you borrowed would be £x,000 higher because of it and clearly would stand out like a sore thumb. You would also get policy documents and a renewal notice after 5 years.

I also doubt very much that I have a case but it would be very welcoming if I did!!

I dont see how being mis-sold something is welcoming. I think knowing you were treated correctly is far more valuable and welcoming.

AmazonIgg

Thanks for taking the time to reply.

I was reasonably confident that I wasn't mis-sold but, as we know, all cannot be wholly trustworthy when money is at stake, otherwise we wouldn't be in the "stew" we are in now.

I would add that my comment about "welcoming" was really directed at the possibility of having money refunded which I considered spent not that it was good that I may have been mis-sold.

"Mis-selling" takes many forms, the public are continually sold on false or weak pretences. Hence the often used phrase "buyer beware".

Many thanks again.