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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Help with terminology please...don't know if PPI!
Margethechicken
Posts: 14 Forumite
I've found my repayment mortgage statement from 1997 which details each month's credit payment around the 25th of the month, and a Repayment Insurance debit payment on the 1st of every month.
By the 1998 statement, Repayment Insurance has been replaced by MRI Premium (same amount as before, taken on the 1st of the month, followed by mortgage payment on 25th-ish of the same month). This continues through 1999, but by 2000, all that is listed is the direct debit payment.
I don't have a clue if this question should go in PPI claims or mortgage advice, as I don't understand what the Repayment Insurance is or MRI Payments! The original mortgage was with The Leeds Permanant Building Society, but the statements I have are from when the Halifax took them over.
Thanks in advance,
MTC
By the 1998 statement, Repayment Insurance has been replaced by MRI Premium (same amount as before, taken on the 1st of the month, followed by mortgage payment on 25th-ish of the same month). This continues through 1999, but by 2000, all that is listed is the direct debit payment.
I don't have a clue if this question should go in PPI claims or mortgage advice, as I don't understand what the Repayment Insurance is or MRI Payments! The original mortgage was with The Leeds Permanant Building Society, but the statements I have are from when the Halifax took them over.
Thanks in advance,
MTC
0
Comments
-
Sounds like MPPI.I don't have a clue if this question should go in PPI claims or mortgage advice
Depends on what the issue is. Having MPPI is quite normal. So, do you have a problem with it?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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards