Woolwich mortgage PPI.

magpiecottage

antrobus wrote: »

The insurer of Barclays Home Insurance is Gresham Insurance Limited. And Woolwich is a Barclays brand.

Woolwich was still a building society until 1997 and Barclays did not buy it until August 2000.


ASU/PPI premiums tend to be either single and added to the loan or monthly, not monthly.

For a mortgage they would normally be monthly.

So I think the most likely explanation is that this is a home insurance policy - buildings and possibly contents.

If it is PPI, the OP has given no reason for supposing it was missold and it is generally considered to be good advice to have it, whilst the "single premium" argument will not apply if it was annual.

The Building Societies Ombudsman (a predecessor scheme to FOS) came into force in 1987 so if it was sold at outset, FOS could look at it if the lender was a member of that scheme at the time. Not all building societies were but I think Woolwich was.

Halifax was a founder member too, I believe but, with reference to Roonaldo's post, it wasn't in 1985, so Halifax would seem to have volunteered jurisdiction if he was able to look at it.

MikeL1

Hi everyone
My first ever mortgage was with the Woolwich Building Society back in 1983, I remember paying a monthly premium for accident, sickness, unemployment......better known as PPI.

I have all my original mortgage documents with signatures, policy numbers the lot but cannot seem to be able to contact the Woolwich, I realise Barclays took them over several years back but on contact with them about PPI reclaim they are not interested, keep on passing me around different departments but no one is interested.

Does anyone have a contact number for Woolwich Building Society or the relevant number for Barclays, failing that an address I could contact.

Mike

_Andy_

'Reclaim' on what grounds?

MikeL1

My grounds are that I have always been a contract worker in the construction industry on non fixed term contracts, I can go into work on a Monday and be told I am finished with no comeback whatsoever.
That's the way the industry operates, always has done and always will, more so nowadays with the massive influx of cheap Eastern European labour.

I have already been successful reclaiming Mis-sold PPI with another mortgage lender from back in the eighties on the same reason, as PPI or as it was known by my lender at the time MRI.
Because I was not on any fixed term contracts and basically worked from week to week I was never eligible for PPI, it is even in the small print on my documents.

roonaldo

MikeL1 wrote: »

My first ever mortgage was with the Woolwich Building Society back in 1983, I remember paying a monthly premium for accident, sickness, unemployment......better known as PPI.

you honestly want to complaint about something 30 years ago? behave!

MikeL1

roonaldo wrote: »

you honestly want to complaint about something 30 years ago? behave!

Well we'll, you obviously work for a bank then, legalised robbery is what it's better known as.
The miss-selling of endowments was the start, then miss-selling of PPI, and only this morning on BBC news we have found out the banks have been ripping off small business's as well by selling them a policy which was another rip-off in the event of a claim.
When is all this going to end......probably never, as far as I am concerned I bought the policy in good faith on information I received during the mortgage application process.
To find out it would have never paid out should I have become unemployed for any length of time, then I now want my money back, 30 years, 30 weeks, 30 days, the bottom line is they miss-sold a product and are guilty as charged my lord.

And they are still at it right now.

-taff

Good for you.

roonaldo

MikeL1 wrote: »

Well we'll, you obviously work for a bank then, legalised robbery is what it's better known as.
The miss-selling of endowments was the start, then miss-selling of PPI, and only this morning on BBC news we have found out the banks have been ripping off small business's as well by selling them a policy which was another rip-off in the event of a claim.
When is all this going to end......probably never, as far as I am concerned I bought the policy in good faith on information I received during the mortgage application process.
To find out it would have never paid out should I have become unemployed for any length of time, then I now want my money back, 30 years, 30 weeks, 30 days, the bottom line is they miss-sold a product and are guilty as charged my lord.

And they are still at it right now.

ok fair do's. but 30 years ago. you'll be lucky if they even hold the records of it anymore.

magpiecottage

In those days, it was not uncommon for a lender to insist on certain insurance products as a condition of the loan.

You might not like that but you had the choice of taking the loan on the terms offered or not.

For MikeL1 there is the additional problem that the loan predates the existence of the Building Societies Ombudsman.

kingstreet

MikeL1 wrote: »

I bought the policy in good faith on information I received during the mortgage application process.
To find out it would have never paid out should I have become unemployed for any length of time

I often recommend mortgage payment protection, which I've always called accident, sickness and unemployment cover FWIW, for contractors and the self-employed by removing the unemployment element and offering accident and sickness cover only.

Where an "advised sale" takes place, the adviser can tailor the product to the individual's circumstances by documenting the reason the unemployment element has been removed as the policyholder would not be able to claim.

What cover was included in your plan?