b&bingley telephoned asking for documents relating to PPI claim

addedvaluebob

It was not unusual in the 90's for banks and building societies to make the sale of insurance such as ASU or PHI 'conditional' as part of the deal. I think this is why the OP used the term 'forced'.

It is also worth pointing out that B&B had lost thousand of records dating back some years ago. This is why they send out forms and ask customers for details, because in many instances they no longer have them.

[Deleted User]

addedvaluebob wrote: »

It was not unusual in the 90's for banks and building societies to make the sale of insurance such as ASU or PHI 'conditional' as part of the deal. I think this is why the OP used the term 'forced'.

If that was the case with this arrangement, then the OP clearly has no mis-selling complaint. It would only be a valid (though weak) complaint if the OP was told it was compulsory when it in fact wasn't.

As I've said several times now, the Bank are asking for details which may help them ascertain if the PPI was mis-sold for other reasons than the OP complains of.

dunstonh

It was not unusual in the 90's for banks and building societies to make the sale of insurance such as ASU or PHI 'conditional' as part of the deal. I think this is why the OP used the term 'forced'.

If that is the case then it would not be mis-sold as condition of borrowing is allowed.

magpiecottage

mardi wrote: »

I dont have any documents from my previous employers and both companies ceased trading a long time ago

If they were capable of ceasing trade then there would seem to be a need for redundancy cover.

There is also no evidence that it was actually recommended by Bradford & Bingley, rather than a broker.

addedvaluebob

I obviously didn't make myself clear. I used the term 'conditional' because customers feel pressured at the point of sale to take the PPI and are given the impression by the person arranging the mortgage that unless they agree they will withdraw the mortgage offer. Lenders could and did make it a condition that they have life cover but no lender insisted on PPI this was something they were targeted to sell.

dunstonh

Lenders could and did make it a condition that they have life cover but no lender insisted on PPI this was something they were targeted to sell.

During the 90s through to the very early 2000s, there were a number of lenders that had the purchase of an insurance product mandatory to get the mortgage deal. MPPI formed one of the acceptable products to meet that criteria.

addedvaluebob

Now you mention it, I do remember a presentation from AIB where they suggested that they would insist on PPI as part of the mortgage as a sales opportunity. Never used them though as their rates could always be beaten. I don't remember any of the mainstream high street lenders doing this, do you have any names Dunstonh?

dunstonh

I don't remember any of the mainstream high street lenders doing this, do you have any names Dunstonh?

Lloyds Bank and Yorkshire bank are two that immediately come to mind.