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Claiming ppi from national and provisional
Wynnie64
Posts: 1 Newbie
I had a morgage with the NaPi in 1991 a yr later I took a home improvement loan out over 10yrs I sold the house in 1999 and with the profit the then abbey national took out what was left on the loan,I know I paid ppi on the loan and have been self employed all my working life,would I have a case to claim the ppi back ??
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Comments
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,would I have a case to claim the ppi back ??
Were you mis-sold?
If it covered self employed (which many do) then its not a good complaint reason. if it didnt cover self employed, then its a good complaint reason.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 -
There are unlikely to be surviving records from that long ago.
Also, National & Provincial had a number of deals in the early 1990s that made ASU (Accident Sickness and Unemployment) cover a condition of the loan - these included various fixed/capped rate deals.
If you chose one of those deals then the cover would have been compulsory.
In addition, if it was arranged through a broker then it would be the broker you need to complain to - and they will not be subject to FOS jurisdiction.0 -
Probably the best place to start is to put in a SAR and find out if there are any records still around that relate to your mortgage and take it from there.
You are just as likely to have been mis-sold something that was not compulsory but profitable for the N&P0
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