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Midland bank mortgage
longcoat
Posts: 3 Newbie
I had a previous mortgage with the then Midland bank,my wife says we were paying protection on it but I can`t remember.
We have moved house 3 times since and searched high and low for any relevent paper work,without any success.
Is there any options where to possibly find any information so I can make a possible PPI claim.
Thanks
We have moved house 3 times since and searched high and low for any relevent paper work,without any success.
Is there any options where to possibly find any information so I can make a possible PPI claim.
Thanks
0
Comments
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Is there any options where to possibly find any information so I can make a possible PPI claim.
1 - did you actually have it? (could it been life assurance your wife is thinking of by any chance?)
2 - if you did have it, how was it mis-sold? (banks only retailed monthly premium MPPI/ASU - so no technical failings on the actual set up)
MPPI would have been a standalone monthly direct debit. So, you can check your bank statements to see if you paid it.
MPPI has the lowest success rate of any type of PPI. It is the one PPI that is generally regarded as worth having. Complaint reasons typically have to be stronger than the wishy reasons you can get away with on loan and credit card PPI.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Firstly thanks for rapid reply dunstonh.
I can remember vagly being told we needed to take some type cover out in order to obtain a mortgage but thats about all.0 -
I can remember vagly being told we needed to take some type cover out in order to obtain a mortgage but thats about all.
Back in the days of Midland, life assurance would have been a requirement. Hence why I wonder if its a mix up of product type.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Back in the days of Midland, life assurance would have been a requirement. Hence why I wonder if its a mix up of product type.
It could also have been buildings insurance (which is still required) or a Mortgage Indemnity Guarantee, Chancel insurance or any one of a variety of other insurances.0
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