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will compensation pay towards mortgage?

hi my bank have finally been told they need to compensate me for mis selling me ppi back in 2003. i was wondering, i have a mortgage with the same bank, will they compensate me or pay what they owe off my mortgage. i would rather have the money and was concerned they might be awkward

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  • roonaldo
    roonaldo Posts: 3,420 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    smiffsp wrote: »
    hi my bank have finally been told they need to compensate me for mis selling me ppi back in 2003. i was wondering, i have a mortgage with the same bank, will they compensate me or pay what they owe off my mortgage. i would rather have the money and was concerned they might be awkward
    any redress owed to you will be paid to you unless you are in arrears, then it will go towards that.
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