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Household Mortgage Corporation - ppi claim possible?
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velocipede
Posts: 9 Forumite
we had an HMC mortgage back in the 90's. It was paid off in around 1999 when we moved house and took out a Barclays mortgage on the new property (I have a live PPI claim with Barclays)
I have absolutely no records & cannot find out what ultimately became of HMC - it appears at one stage they were owned by GE Money but beyond that I'm lost.
I'm confident that PPi was included with the mortgage policy.
Anyone been able to pursue them? Any tips/advice appreciated.
I have absolutely no records & cannot find out what ultimately became of HMC - it appears at one stage they were owned by GE Money but beyond that I'm lost.
I'm confident that PPi was included with the mortgage policy.
Anyone been able to pursue them? Any tips/advice appreciated.
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Comments
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What would you be pursuing them for? What are your mis-sale reasons?0
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I think that confidence is misplaced - partly because a mortgage is a loan account, not a "policy" and HMC was not an insurance provider.velocipede wrote: »I'm confident that PPi was included with the mortgage policy.
It also only sold through intermediaries.
Since it did not sell PPI, it seems unlikely.velocipede wrote: »Anyone been able to pursue them?
If you did have PPI, you would need to take your complaint up with the intermediary that sold it.velocipede wrote: »Any tips/advice appreciated.
You say the mortgage ended in 1999, so there would be no recourse to FOS by virtue of the GISC code. You could look at the Mortgage Code but only if the mortgage started after mid 1998, which seems unlikely.
Even if you got over all that, generally PPI on a mortgage is considered suitable unless it was single premium (which is very unusual for mortgage PPI) or you would not have been able to make a claim (which is unlikely to be provable since you have no policy document).0 -
I had a mortgage with HMC in the early 90s. can I claim ppi0
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peter.ward wrote: »I had a mortgage with HMC in the early 90s. can I claim ppi
As mentioned above, this was a lender used by mortgage brokers.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 -
I have paperwork from HMC stating my interest rate/monthly payment and home protection premium0
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Doesn't matter, broker sales pre-2005 were not regulated so can be dismissed by the broker if they still exist
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