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My mothers old abbey national mortgage had PPI?

mr_eggs · 2014-02-24 18:47:05

hi, just wanted to guage if its worth trying. mum had a mortgage from 1996 to 2005, she is convinced dear old dad was suckered into ppi as she remembers 'another' direct debt which was MORE than the mortgage repayment. the only info she has is a letter from abbey national (now Santander) which says your mortgage is now…

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dunstonh Posts: 119,790 Forumite

26 February 2014 at 9:34AM

mr_eggs wrote: »

thanks for the replies..

hmmmmm... I think mum had got confused, as suggested above it was an 'endownment mortgage' didn't you pay extra on those?

Most endowment mortgages were cheaper than repayment (as bottom line cost). That was one of the most common reasons why people bought them.

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.

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