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More PPI from Halifax
20vt-rs
Posts: 715 Forumite
Hi all,
I reclaimed my mis-sold PPI from Halixax in Feb13, and last week I received a letter stating they are sending me more money, how it was calculated and from that I gather they must have miscalculated my original refund. Quite nice to receive, and whilst not massive welcome at this time of year!
Anyway, is this normal for the banks to do, or should I revisit other institutions I reclaimed from, or will they write to me? Could I be stirring a hornets nest I perhaps should leave alone?!
Thanks all...
I reclaimed my mis-sold PPI from Halixax in Feb13, and last week I received a letter stating they are sending me more money, how it was calculated and from that I gather they must have miscalculated my original refund. Quite nice to receive, and whilst not massive welcome at this time of year!
Anyway, is this normal for the banks to do, or should I revisit other institutions I reclaimed from, or will they write to me? Could I be stirring a hornets nest I perhaps should leave alone?!
Thanks all...
Mortgage Free Wannabe Light Bulb Moment (Early 2012, started May 2012)
Original Mortgage Amount - £147k (Oct 2005) / Term 27 years (To 2032)
Target to Pay off by 2026 by overpaying - Officially Mortgage Free June 2023!
Balance Reduction Progress: May12 £128k / Nov13 £120k / Dec15 £107k / Mar18 £87k / Mar21 £46k / Jun22 £28k / Jun23 £0!!
Original Mortgage Amount - £147k (Oct 2005) / Term 27 years (To 2032)
Target to Pay off by 2026 by overpaying - Officially Mortgage Free June 2023!
Balance Reduction Progress: May12 £128k / Nov13 £120k / Dec15 £107k / Mar18 £87k / Mar21 £46k / Jun22 £28k / Jun23 £0!!
0
Comments
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Halifax said they had done their sums wrong and you were actually owed more, that doesn't mean any other bank did it wrong. If they did, they will write to you.
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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A number of lenders have been instructed to review past decisions where there are possibilities of the incorrect amount having been paid. it is automatic and requires no input from you.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
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A number of lenders have been instructed to review past decisions where there are possibilities of the incorrect amount having been paid. it is automatic and requires no input from you.
Ah ok thanks, thought that may be the case. Do you know which lenders have been asked to review?Mortgage Free Wannabe Light Bulb Moment (Early 2012, started May 2012)
Original Mortgage Amount - £147k (Oct 2005) / Term 27 years (To 2032)
Target to Pay off by 2026 by overpaying - Officially Mortgage Free June 2023!
Balance Reduction Progress: May12 £128k / Nov13 £120k / Dec15 £107k / Mar18 £87k / Mar21 £46k / Jun22 £28k / Jun23 £0!!0
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