Bradford and Bingley PPI

RosaGwen19

I have received a letter yesterday to say that I cannot claim back PPI on my mortgage and home improvement loan from Bradford and Bingley. Please could anyone suggest what I should do next.

dunstonh

Most MPPI complaints are rejected. So why do you think yours shouldnt be? You havent given us your reasons for complaint or the reasons they rejected it.

A lender MPPI policy would be set up correctly with monthly premiums (so no failing there - it doesnt suffer the loan PPI issue). Most MPPI does cover self employed correctly (so no failing there). Most MPPi will pay out in addition to work benefits (so no failing there). You are covering a major debt that is common sense to cover as failure to pay the mortgage can be devasting. So, it is considered best advice to have it.

DevCoder

I really do wish people would understand that PPI is not illegal and in most cases, there is a good reason for taking it out.

As dunstonh has stated MPPI is very rarely mis-sold due to the nature of the loan.

magpiecottage

What would the OP have done if their income had stopped and they could not meet the repayments on the loan?

Bought a tent, perhaps?

roonaldo

nothing wrong with monthly mortgage ppi.

flufty

Mortgage PPI can sometimes be mis-sold, but according to FOS only 10% of complaints are actually upheld.
Most people actually needed some sort of insurance for their Mortgage Repayments. If you don't actually raise any complaint points and just say "It was mis-sold I want my money bank" every single bank will reject you, as well FOS.

Source: I work in a bank's Mortgage PPI complaint department

dunstonh

flufty wrote: »

Mortgage PPI can sometimes be mis-sold, but according to FOS only 10% of complaints are actually upheld.
Most people actually needed some sort of insurance for their Mortgage Repayments. If you don't actually raise any complaint points and just say "It was mis-sold I want my money bank" every single bank will reject you, as well FOS.

Source: I work in a bank's Mortgage PPI complaint department

Your figures sound exactly around the ballpark you would expect. The FSCS only uphold 5% of complaints against mortgage brokers for example.

lunk123_2

RosaGwen19 wrote: »

I have received a letter yesterday to say that I cannot claim back PPI on my mortgage and home improvement loan from Bradford and Bingley. Please could anyone suggest what I should do next.

can u tell me where u sent your ppi claim to a address would be good.had a mortgage with them and lost all shares thanks nigel

[Deleted User]

lunk123 wrote: »

can u tell me where u sent your ppi claim to

RosaGwen19 last logged onto this site in October 2012
http://forums.moneysavingexpert.com/member.php?u=1982163

snow66

HI I was also sold PPI from Bradford and Bingley. I have no idea how to claim . I don't have any documents as it was 20 years ago. I was a lone parent at the time and it was the only way they would give me a mortgage.
any advice, link or anything any one could advise. it was in 1993

haras_nosirrah

Why do you think it was missold?