We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
mortgage protection scheme...is this ppi?

accy
Posts: 49 Forumite
Hello
In 1994 i took out a mortgage with halifax. Looking through the documents today i noticed a letter from standard life stating "The standard life assurance company have accepted the proposal from the halifax mortgage protection scheme"
Paid £3.22 a month for 11 years ( total years of mortgage).
My question being should claim for ppi?
And who do i claim from standard life or halifax
thankyou
In 1994 i took out a mortgage with halifax. Looking through the documents today i noticed a letter from standard life stating "The standard life assurance company have accepted the proposal from the halifax mortgage protection scheme"
Paid £3.22 a month for 11 years ( total years of mortgage).
My question being should claim for ppi?
And who do i claim from standard life or halifax
thankyou
0
Comments
-
Hello
In 1994 i took out a mortgage with halifax. Looking through the documents today i noticed a letter from standard life stating "The standard life assurance company have accepted the proposal from the halifax mortgage protection scheme"
Paid £3.22 a month for 11 years ( total years of mortgage).
My question being should claim for ppi?
And who do i claim from standard life or halifax
thankyou
Be careful with this mppi is the least upheld because I think it was the most regulated and at the end of the day if you cant repay your mortgage you lose your house.
Were you actually missold it? Have a read about MPPI on some of the other threads and see what they say.CC 1 :- £5800/ £5,800 CC2:-[STRIKE] £4513 / £4513[/STRIKE] CC3: £4622.53/ £4622.53[/STRIKE] CC4:- £8971/ £8971[/STRIKE]Loan:- [STRIKE]£1785.63 / £1785.63[/STRIKE] 0
Actual total debt January 2011 £39,451.30 Paid to date 39,375.77
:beer: PPI from HSBC = £4172 :beer:0 -
Can't remember if i was missold it...had a barbecue on the day mortgage was paid off and burnt the documents
.
Should i ring halifax for a claim?0 -
if you can't remember if you were mis-sold then i don't think you have a claim.0
-
Should't i just ring up and say i was missold ppi and see where that takes me0
-
no you shouldn't ring up and lie. you need a reason to put a claim in and you have none!0
-
Be careful with this mppi is the least upheld because I think it was the most regulated and at the end of the day if you cant repay your mortgage you lose your house.
Were you actually missold it? Have a read about MPPI on some of the other threads and see what they say.0 -
-
I think i will ring up tomorrow and say "i believe i might have been mis-sold mppi " will let them decide. Its been nearly 20 years when i took out the mortgage and i can't remember if i did or did'nt agree.0
-
hi,
with the 30 year old one you would need your own paperwork, the bank is highly unlikely to have any after this long. the same goes for the 11 year old one.
mortgage protection, assuming it was setup monthly was actually a good thing, you stood to loose your house should you not pay the mortgage! what would be your reasons for a mis-sale?0 -
I think i will ring up tomorrow and say "i believe i might have been mis-sold mppi " will let them decide. Its been nearly 20 years when i took out the mortgage and i can't remember if i did or did'nt agree.
they won't have any paperwork going back this far unless it is still currently running - the onus is on YOU to prove you were mis-sold not on the bank to tell you0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards