Mortgage Cover Plan - PPI

CashConfused

Hi. My first time on a forum. I was sold a Mortgage Cover Plan from halifax with my mortgage - I was told it was compulsory. Can I make a claim? And on their (Halifax) site they have a FSO claim form - should I use that or MSE template. Please help!

Ladyinwaiting

Same form i believe

Is this a tmmp policy from halifax, paid by direct debit each mth? If so bear in mind the policy is like pick and mix and can contain crit illness, life and mtg protection or a combination. Do you deffo have the mtg protection element on it?

Why were u mis sold?

Mtg protection is good IMO

dunstonh

I was sold a Mortgage Cover Plan from halifax with my mortgage - I was told it was compulsory.

It may well have been depending on when you took it out. (and if it was then that is not a wrong doing).

What does the policy cover? (life assurance, Critical illness, MPPI or income protection)?
When did you buy it?

Most mortgage insurance complaints are rejected. So, apart from your unprovable verbal allegation which would be easily rejected, do you have any other reasons for complaint?

Comyface

Mortgage Cover Plan (MCP) was only ever life cover as far as I remember (maybe with critical illness).

Either way it was never PPI, so you can't claim 'PPI mis-sale' on MCP.

CashConfused

Thanks everyone. i took it out in October 2000. It covers Life cover which reduces yearly in line with the mortgage, and critical illness cover and waiver of premium (?) cover.

Also, I am surprised that it is legal under discrimination act as it excludes various things such as as a result of HIV/AIDS or drug /alcohol abuse.

Any further advice really welcome

roonaldo

CashConfused wrote: »

Any further advice really welcome

Yep, what you describe is not a PPI

dunstonh

Thanks everyone. i took it out in October 2000. It covers Life cover which reduces yearly in line with the mortgage, and critical illness cover and waiver of premium (?) cover.

So, what you had was not PPI then.

Also, I am surprised that it is legal under discrimination act as it excludes various things such as as a result of HIV/AIDS or drug /alcohol abuse.

It is legal.

roonaldo

CashConfused wrote: »

Also, I am surprised that it is legal under discrimination act as it excludes various things such as as a result of HIV/AIDS or drug /alcohol abuse.

insurance is to cover unforeseen events not things that are preventative.

magpiecottage

CashConfused wrote: »

Also, I am surprised that it is legal under discrimination act

What discrimination act?

it excludes various things such as as a result of HIV/AIDS
or drug /alcohol abuse.

Are you saying you have HIV or indulge in drug or alcohol abuse?

If not then there is no causal link.

If so then you would need to prove that you were not aware of the exclusion and it was unreasonable to expect you to have been aware at outset.

For drug/alcohol abuse that is going to be nigh on impossible to prove. For HIV/AIDS, if you already knew you had those conditions it would also be difficult to prove.