Barclays & Nationwide?

ccd2211

Hi I wanted to share my PPI claiming experience.

In 1998 I took out a loan to get married. £5K over 5 Years. I was told by Barclays I had to take out PPI to get the loan.

After all I’ve heard about reclaiming I decided to write a letter to Barclays. Still have the same account with them. I didn’t really hold out much hope of getting the money back but I thought it worth a try & worth the price of a stamp.

Anyway, after about 2 weeks I got a letter saying they were investigating. Yesterday I checked my bank online to find that they had repaid £475!! Payment states PPI refund! I could not believe my eyes!

So my advice is its definitely worth a try. If you have a similar situation.

Now for a question

I had a Nationwide Mortgage when I got married that we were told the same thing. This was opened about 15 Years ago. I don’t have any paperwork now. How would I go about claiming this? Is it possible?
Thanks for reading......

dunstonh

Anyway, after about 2 weeks I got a letter saying they were investigating. Yesterday I checked my bank online to find that they had repaid £475!! Payment states PPI refund! I could not believe my eyes!

So my advice is its definitely worth a try. If you have a similar situation.

That timescale and amount would indicate it is an autopayout. It doesnt mean you were mis-sold or that they agree it was mis-sold. it is just cheaper for them to pay out.

I had a Nationwide Mortgage when I got married that we were told the same thing. This was opened about 15 Years ago. I don’t have any paperwork now. How would I go about claiming this? Is it possible?

Mortgage insurance has a far lower chance of success. Usually because it is set up correctly in most cases (monthly premium is good, single premium is bad) and it is covering a major debt which is lifechanging if you dont pay it. Also, most of them are put in force under advice (FOS stats for 2011/12 show just 0.2% of PPI complaints they reviewed were advised - this is not seen an advice issue). Plus, if you used a broker for the mortgage then regulation for most of them only started in 2005. Lenders and firms tend to investigate mortgage insurances much more thoroughly than loan or credit card.