Advice on Mortgage PPI

clacton57

Was contemplating putting in a claim on mortgage PPI. Although my mortgage finished in 2013. Essentially, when I originally applied for my mortgage with the Leeds permanent in 1992, I was told by them that in order to take the mortgage out I had to take two of their products, so I took out Buildings Insurance and mortgage protection. Then every year it just rolled over and over (Leeds taken over by Halifax in late 90's).
Reading the standard letter template one of the reasons given is "· [FONT=&quot]I was led to believe that my application for credit would be rejected if I did not take out the insurance."
[/FONT][FONT=&quot]Don't want to be a chancer, but always resented something that I clearly didn't need. Is it worth it ? Or am I being just too reticent?
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dunstonh

ssentially, when I originally applied for my mortgage with the Leeds permanent in 1992, I was told by them that in order to take the mortgage out I had to take two of their products, so I took out Buildings Insurance and mortgage protection.

That is not a surprise. In the 90s, there were a lot of mortgage deals that required a cross subsidy purchase. That method is allowed as long as the insurance purchased is suitable.

Reading the standard letter template one of the reasons given is "· I was led to believe that my application for credit would be rejected if I did not take out the insurance."

if the insurance was not required to buy the product then you were lied to and its a mis-sale reason. Although it is one of the weaker mis-sale reasons as:
1 - if you were lied to, you wont have any proof to back it up
2 - if you did need it then you were not mis-sold and your complaint fails.

but always resented something that I clearly didn't need.

Although maybe you did need it to buy the mortgage deal. Or maybe you did have financial need for it

Or am I being just too reticent?

its not for us to decide. Most MPPI complaints fail. It is the one type of PPI that is generally regarded as worth having. Your complaint reason is a weak one and if you did actually need it then its no go. However, Halifax do roll over easy on PPI even when you could easily defend the sale.