📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Claim ppi that was sold to me by a broker

Options
Hi all
Back in 2006 me and my wife remortgage, this was done though mortgage saving centre (MSC)
I'm told that the company is no longer trading,
I have paperwork from MSC and the policy company (commitments)
I've not got a clue if I can claim, if so the process that I need to take, any advice would be great,
Also I was self employed when it was sold to me
Thanks Simon

Comments

  • dunstonh
    dunstonh Posts: 119,801 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I've not got a clue if I can claim,

    I will assume you mean complain rather than claim.
    Also I was self employed when it was sold to me

    irrelevant with most MPPI. That reason tends to work on lower quality loan and credit card PPI. Most MPPI covers the self employed fine.
    I've not got a clue if I can claim, if so the process that I need to take, any advice would be great,

    If you cant think of a reason for complaint then it probably means you do not have one. The PPI issue is mainly a bank and credit card provider issue. Advisers & mortgage brokers have a very low complaint rate and most of those are rejected. In the case of the FSCS, i read that they only uphold around 5% of complaints against mortgage brokers. I suspect most of those would be single premium MPPI rather than monthly premium MPPI (which is how PPI should be set up).
    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.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.3K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.