PPI Opposite!

nodoubt

Hi,

Can anyone please advise if i have a case...i was the lead name on a Woolwich mortgage taken out in 2001. i had no other inusrance. i was advised as to which mortgage and indeed insurance i should take out by my local bank - i have banked there for years and knew staff well etc etc so, i trusted them...having been diagnosed with a critical illness during the life of the mortgage, it has only come to light that i had inadequate cover. i believe i had something called a 'C2'. my mortgage was paid for a year and then the payments stopped. i didn't realise until now that i should have had a critical illness policy which would pay out a lump sum on my diagnosis. can i appeal for misselling? i really would appreciate and advice. thanks

stephenni1971

So you want to appeal for mis-selling for something you were never sold?

You don't have a chance!!!

dunstonh

i didn't realise until now that i should have had a critical illness policy which would pay out a lump sum on my diagnosis. can i appeal for misselling?

What do you mean should have? The lender didnt need it. No-one requires you to have it. It is common sense to have it but there is no "should" involved.

Whilst a mortgage broker or financial adviser would have the ability to put in place such insurances, a mortgage clerk at a building society may not have done. In that period, the mortgages tended to be handled by clerks who could only put in place the basic insurances. Not the full range of insurances that a financial adviser would have.

Unless you have a report from a financial adviser that states that you have no financial need for critical illness cover then you have absolutely no hope. You have not been mis-sold. You cant wait until you suffer a claimable event and then blame someone else (who probably doesnt have the remit anyway) for you choosing not to buy a particular product.

magpiecottage

dunstonh wrote: »

Unless you have a report from a financial adviser that states that you have no financial need for critical illness cover then you have absolutely no hope.

CI was not regulated at all in 2001 (not even by the GISC).

And even if the OP had been sold CI it might not have covered this particular illness.

nodoubt

Hi Magpie Cottage,
I actually printed a previous post of yours quoting the 'Mortgage Code Good Practice Guide'. I was diagnosed with Lymphoma. Perhaps I am clutching at straws, but the consequences of my illness meant I could no longer afford the mortgage repayments after our marriage broke down and I had to sell the house - bitter moi?

JuicyJesus

nodoubt wrote: »

Hi Magpie Cottage,
I actually printed a previous post of yours quoting the 'Mortgage Code Good Practice Guide'. I was diagnosed with Lymphoma. Perhaps I am clutching at straws, but the consequences of my illness meant I could no longer afford the mortgage repayments after our marriage broke down and I had to sell the house - bitter moi?

While I genuinely have every sympathy for you, any complaint against Woolwich/Barclays (as they are now) is doomed to fail. You always had the option of taking out critical illness cover yourself, and they have no liability whatsoever regarding a product you did not actually purchase.

Dunstonh, as ever, is entirely correct I'm sad to say.

_Andy_

nodoubt wrote: »

Perhaps I am clutching at straws,

There are no straws to clutch.
There is no 'claim'
There was no 'mis sell'


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