Bad Advice circa 2007

frazell

toff33 wrote: »

So its possibly to recoup PPI on proof that you were miss sold but not on a mortgage? really? Can you not shop around for PPI? does miss selling only cover PPI? Has no one ever been sold a mortgage before? never? no such case ever exist? really?? hmmmm ok

The people on this thread are only trying to help you, including myself!

Of course there are cases where mortgages are miss sold, endowment policies are one such payment vehicle that has received a lot of stick in the past.

I don't know what you want people to say to you. If you think you were miss sold the mortgage then feel free to complain to the Halifax but you need some proof/evidence that it WAS miss sold.

The reality of that is that it will be quite difficult for you to prove unless you have a letter from them saying "you must do "X" for you to secure mortgage "Y".

At the end of the day you could have shopped around and they didn't put a gun to your head. You signed the mortgage against the T&C's.

toff33

mrginge wrote: »

If you wish to call people liars then you should have some evidence to back it up.
If you don't then no-one is going to take you seriously.

Are you serious? - PPI? Did I have to prove anything?? no - I simply stated the individual told me i had to take it to get the mortgage passed. same as the mortgage product. its not too difficult to understand

toff33

saverbuyer wrote: »

Go for it. Good luck.

lol - yes. Because all miss selling involves a gun and a pen

beecher2

toff33 wrote: »

Why would I call them Toss ers? Im on a forum using a made up name. Why would i go to a bank as me and call them toss ers? lol

Maybe you should treat people on the forum the same way you treat people in real life?

Have a look on here

https://www.moneyadviceservice.org.uk/en/articles/financial-mis-selling-what-to-do-if-you-think-its-affected-you

and

http://www.which.co.uk/consumer-rights/advice/i-think-ive-been-mis-sold-my-mortgage-what-can-i-do

and see if you think your case fits in.

toff33

beecher2 wrote: »

Maybe you should treat people on the forum the same way you treat people in real life?

Have a look on here



and


and see if you think your case fits in.

The tone of my irish banter is maybe lost in translation. Thanks

saverbuyer

toff33 wrote: »

The tone of my irish banter is maybe lost in translation. Thanks

So you're from N.I.. That explains the drop in value.

ACG

I think you have a good argument, the problem will be proving it.

Also, the interest you have paid has no meaning, its the extra interest you have paid that you would be arguing about. Would your balance really be that much lower that it would enable you to get a better rate now?

You should look at a amortizization calcualtor, although it will take some time to work out the difference as rates have been up and down in that time.

silvercar

toff33 wrote: »

.....

ME: I want that Tracker (Im eligible)
HALIFAX: We think they guys up stairs will knock you back on that one - You should take this one and make sure and also take the PPI and really make sure!

Repeat that a few times - Thats mis selling. ....

Maybe the tracker was only available to people with employed income; maybe it wasn't available on self build; maybe it wasn't available in N Ireland; maybe the tracker had a higher LTV requirement.

saverbuyer

silvercar wrote: »

Maybe the tracker was only available to people with employed income; maybe it wasn't available on self build; maybe it wasn't available in N Ireland; maybe the tracker had a higher LTV requirement.

If the house was getting built DURING 2007 the site value would have dropped like a brick. The "deposit" could have gone from 160k to 30k.

Caz3121

toff33 wrote: »

ME: I want that Tracker (Im eligible)
HALIFAX: We think they guys up stairs will knock you back on that one - You should take this one and make sure and also take the PPI and really make sure!

would the next response not be, "no I don't want that, can you submit the application in for the deal I want and I'll take my chances"
then you may (or may not) have had your application declined and could have tried elsewhere...
you seem to believe you would have 100% have been accepted for a self employed self build mortgage at the deal you wanted so why agree to something else?...if they would not process you find another lender

How soon after taking the mortgage did you look at moving lenders to get the deal you wanted?