We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Halifax MPPI reclaim

Hi

I sent off a claim for missold MPPI to the Halifax a little over two weeks ago. Does anyone know how long on average they're taking to deal with claims at the moment? I know from reading back on this forum that there was a time they were automatically paying out but that doesn't seem to be the case now.

Thanks in advance.

Comments

  • dunstonh
    dunstonh Posts: 120,270 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Does anyone know how long on average they're taking to deal with claims at the moment?

    For small amount, Halifax tend to auto payout on the MPPI element of their TMPP plan. That tends to be within 8-12 weeks. For larger amounts they take longer.

    If the TMPP contains multiple segments and isnt just MPPI then it will take longer too (typically resulting in the complaint being rejected on the other segments).
    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.
  • Pocoyo
    Pocoyo Posts: 601 Forumite
    Update: we received an offer from the Halifax today of just under £2k. I spoke to someone on the phone two weeks ago who asked some questions about our claim.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.