Is it worth my parents investigating PPI?

w00519772

magpiecottage wrote: »

1975 - This predates the existence of ANY UK Ombudsman Scheme, so FOS would have no jurisdiction over Britannia. In any case, insurance of this type did not really exist at that time - and there will almost certainly be no surviving evidence of the acccount.

1979 - there was still no Ombudsman scheme. The earliest point at which FOS could have jurisdiction is likely to be 1987.

Again, unlikely to be evidence to support a complaint.

1995 - unlikely to be evidence, since the account closed more than six years ago.

If you can find such evidence, you need to be able to show that a policy existed, that it was unsuitable AND that the lender sold it.

In 1995, it is quite possible that even if a policy did exist it was suitable and/or a broker sold it - and is outside FOS jurisdiction.

They remortgaged in 1995 and finished paying the mortgage in 2009 I.e. They had a mortgage with hsbc for 14 years.

magpiecottage

w00519772 wrote: »

They remortgaged in 1995 and finished paying the mortgage in 2009 I.e. They had a mortgage with hsbc for 14 years.

It is now 2016 - 2009 ended more than six years ago.

You have also not demonstrated that a policy even existed, let alone that it was missold.