Halifax PPI 2004, was it mis-sold?

hock79

I keep reading up on PPI claims and I still don't really understand :wall: I've never taken out any ppi, but DH has it on his mortgage. He is the kind of person that trusts his bank, he's been with Halifax his whole life, he bought his house in 2004 and took out a mortgage with Halifax, house insurance, ppi, the whole caboodle. He has never changed any of these, just keeps going back to the Halifax to update.

So I know he has ppi, but he will have agreed to it at the time, he will have just signed up to whatever they suggested. I'm not sure if that means it was mis-sold or not?

roonaldo

There is nothing wrong with having PPI for your mortgage payments, the policy you describe is also a monthly paid policy. Halifax's policy requires a separate application form to be completed and is payable by a separate direct debit to the mortgage and he has been paying it from his bank account for nine years, so its practically impossible to say he didnt know he had it, forgotten perhaps. Nothing suggests it was mis-sold.

hock79

That sounds fair enough then, thanks for your reply, just wanted to check we weren't missing out!

Aidan_2

Hi folks,
I paid mortgage repayment insurance with the Halifax from 1988 to 1996, I still have the letter I recieved from them confirming my cancellation of this insurance in 1996.
I also have a Halifax bank statement containing my first insurance premium payment from 1988.
I was strongly urged to take this out at the time I took out my first mortgage so just went along with it, cancelled it later because I couldn't really afford it at that time.
Question, do I have a PPI claim I could persue, or is it too long ago?
Im not very good at these things and have never done anything like this before, so many thanks for your help in advance.

AD.

DevCoder

Strongly urged is not missold, its normally very good to take out MPPI as you stand to lose the roof above your head if you dont keep up payments.

Aidan_2

krisdorey wrote: »

Strongly urged is not missold, its normally very good to take out MPPI as you stand to lose the roof above your head if you dont keep up payments.

Okay thanks, I take it that I cant claim then?
As it happens, the whole mortgage was mis-sold by this woman anyway, it was a worthless endowment, I had to switch to repayment later on, but thats whole a different story.
So you dont think its worth me claiming for mis-sold PPI then?

Thanks

AD.

[Deleted User]

Aidan wrote: »

As it happens, the whole mortgage was mis-sold by this woman anyway, it was a worthless endowment, I had to switch to repayment later on, but thats whole a different story.
So you dont think its worth me claiming for mis-sold PPI then?

If you believe it was mis-sold then complain, but if you just say you are complaining because you were "strongly urged" to take this PPI then your complaint will fail.
Tell us how the PPI was "worthless" to you and we can comment further.

Aidan_2

Moneyineptitude wrote: »

If you believe it was mis-sold then complain, but if you just say you are complaining because you were "strongly urged" to take this PPI then your complaint will fail.
Tell us how the PPI was "worthless" to you and we can comment further.

Okay thanks, think I get the picture, I need to justify the actual mis-selling, if I read you right, like I was co-hearsed, which I felt I was actually.
The 'worthless' comment was on the actual endowment mortgage itself (as well as the insurance), as there was a large shortfall on it later on, which I had to make up myself, then switch to a repayment, but, like I say, thats a different subject.
I think I will claim anyway, there was a lot of pressure put on us to take it at the time & that woman gave us lots of duff info like how much we would get at the end of its term, which turned out to be rubbish info, but that is not my main beef here, that is seperate.
Cheers

AD.

dunstonh

Okay thanks, think I get the picture, I need to justify the actual mis-selling, if I read you right, like I was co-hearsed, which I felt I was actually.

What evidence do you have that the person selling it crossed the line? Remember they are allowed to disturb to sell it. Indeed, they are required to disturb.

[Deleted User]

Aidan wrote: »

I think I will claim anyway, there was a lot of pressure put on us to take it at the time

This kind of "pressure" is allowed with mortgage PPI , that's the point of telling you that you don't have a strong complaint if you use that reason
In order for it to be mis-sold, the PPI needs to have been unsuitable for your needs. Would it have paid out according to your circumstances? Did you have a pre-existing medical condition etc etc? All of these are verifiable reasons which might net you redress of your insurance policy.

Anything you allege about the advisor who sold you the PPI cannot be proven and so is a very weak "hearsay" complaint.

It's not by accident that the vast majority of mortgage PPI complaints are not upheld.

Aidan_2

Dont know to be honest, dont know what the line is.
I know she crossed the line on the mortgage itself, that is a fact, so maybe also with the insurance that came with it?
Okay, food for thought, thanks for the advice.
What would be evidence of crossing the line? Just out of interest.

Thanks