ppi back from london scottish

jledi

Hi, i had a mortgage with london scottish in 2005, this was to purchase a right to buy property, i had ppi and brokers fees on there as well, i paid the mortgage off after 1 year because the council bought it back from me in a compulsory purchase order, i had some debt problems at the time so the mortgage rate was much higher than normal and in fact i got extra on top of the mortgage to pay off the debts, the mortgage was for £40000 in total and the following year i sold it back to the council for £82000 however after all the fees and ppi brokers fee etc were taken off i actually got £37000 back in profit, however i had been paying £360 per month for that year so that was £4320 id paid plus when i paid it off i was charged £2000 for paying it off early. on those figures what kind of ppi would i get back, I've put the figures in to the ppi calculators and it comes out with anywhere between £6500 and £16500 so i don't know whats what. can anybody help.

regards
john.

jdwmfc

jledi wrote: »

Hi, i had a mortgage with london scottish in 2005, this was to purchase a right to buy property, i had ppi and brokers fees on there as well, i paid the mortgage off after 1 year because the council bought it back from me in a compulsory purchase order, i had some debt problems at the time so the mortgage rate was much higher than normal and in fact i got extra on top of the mortgage to pay off the debts, the mortgage was for £40000 in total and the following year i sold it back to the council for £82000 however after all the fees and ppi brokers fee etc were taken off i actually got £37000 back in profit, however i had been paying £360 per month for that year so that was £4320 id paid plus when i paid it off i was charged £2000 for paying it off early. on those figures what kind of ppi would i get back, I've put the figures in to the ppi calculators and it comes out with anywhere between £6500 and £16500 so i don't know whats what. can anybody help.

regards
john.

Do you have the paperwork that shows you paid PPI?
How much PPI was added to the mortgage or was it a monthly sum?
Why do you think you was missold. MPPI is the least upheld of all PPI and the reason is that you have a lot to loose if you cannot pay your mortgage. Honestly had you got ill or become unemployed how would you have paid your mortgage? You cannot just complain because everyone else is. You will get nothing for early replayment charges, brokers fees and do not believe the calculators.
You will also probably find it difficult as banks only hold records for 6 years.

antrobus

jledi wrote: »

Hi, i had a mortgage with london scottish in 2005, ....

The London Scottish Bank went into administration in 2008.

See here http://www.london-scottish.com/ and here http://www.fsa.gov.uk/consumerinformation/firmnews/2008/londonscottishbankplc_.shtml

It appears to be the Manchester office of Ernst & Young that are dealing with it -

ERNST & YOUNG
100 BARBIROLLI SQUARE
MANCHESTER
M2 3EY

jledi

jdwmfc wrote: »

Do you have the paperwork that shows you paid PPI?
How much PPI was added to the mortgage or was it a monthly sum?
Why do you think you was missold. MPPI is the least upheld of all PPI and the reason is that you have a lot to loose if you cannot pay your mortgage. Honestly had you got ill or become unemployed how would you have paid your mortgage? You cannot just complain because everyone else is. You will get nothing for early replayment charges, brokers fees and do not believe the calculators.
You will also probably find it difficult as banks only hold records for 6 years.

Hi, i don't know how it was paid, i have asked for the paperwork and london scottish are sending this out to me by the end of next week, they have told me that i had ppi on there, as far as mis-selling goes they told me that because of my debts on top of the mortgage i had to take ppi even though when i was on sick i got paid from work, they have told me i can claim back brokers fees as well, the woman on the phone is very nice and she's doing everything for me, she could have said sorry there's no claim, but she's checked it all through and said i have got a claim so she is sending the paperwork out to me, whether i actually win the claim is a different matter.

regards
john.

anney63

So if you win your claim will you get paid if London Scottish are in administration ?

roonaldo

anney63 wrote: »

So if you win your claim will you get paid if London Scottish are in administration ?

you just complain, but as they are in administration you have to take the complaint to the FSCS.

anney63

My Claim is Prior to January 2005 . So I don't think the FSCS will be able to help

roonaldo

anney63 wrote: »

My Claim is Prior to January 2005 . So I don't think the FSCS will be able to help

eh? you've hijacked someone elses post

jledi

could no claim a penny because my claim was from december 2004 two weeks before the deadline, london scottish still trading still making profits but i cannot have anything, stinks.