Mortgage PPI Claim

Chiefstown

I had my first mortgage on a 5 year fixed rate deal with Abbey National back starting in 1992 - 1997. I don't have any of the original policy details but I was wondering is there anyway I can check to find out if they had added PPI onto my mortgage payments.

dunstonh

but I was wondering is there anyway I can check to find out if they had added PPI onto my mortgage payments.

Banks have only every done monthly premium MPPI. in most cases it was separate direct debit from your current account (which is one of the reasons why most MPPI complaints fail). In some rare cases it could be collected with the mortgage payment but it would be included on the mortgage statement.

You can ask them. They probably wont hold much in the way of records going back that far and given that MPPI is standalone, it will be tough. However, all you can do is ask.

magpiecottage

I think a successful complaint would be most unlikely.

First you would need to prove that the PPI even existed (it is unlikely that Santander still have the records).

Then you would need to prove that it was not compulsory. It was quite common for it to be on fixed rate deals in the 1990s.

Then you would need to prove it was sold by Abbey National and not an independent broker (as was often the case). If it was, FOS would have no jurisdiction.

Then you would need to show that it was unsuitable for you. Given that if you had failed to keep up repayments your home would have been at risk, it is likely that it WAS suitable.