Plevin and mortgage indemnity insurance charges

welshborderer

Does anyone have a considered opinion on this issue?


Will the recent ruling in Plevin v Paragon Personal Finance (failure to reveal commission payments) have an impact on mortgage indemnity insurance charges?


A few years ago MII used to be levied as a matter of course by the mortgage provider without and discussion or further information. You were told you had to take it or you couldn't get a mortgage. The fees could at times be considerable.


I have no idea whether it was the mortgage company or a third party who provided the insurance but if it were a third party who provided it, and the mortgage company received a commission for arranging the sale of it, would the provision of the mortgage be deemed unfair under the 1974 Consumer Credit Act?


Any advice would be greatly appreciated.

dunstonh

as answered on your duplicate post...

Will the recent ruling in Plevin v Paragon Personal Finance (failure to reveal commission payments) have an impact on mortgage indemnity insurance charges?

none whatsover.

MIG was not a personal retail insurance policy.

would the provision of the mortgage be deemed unfair under the 1974 Consumer Credit Act?

it didnt fall under the CCA.