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3 ppi accounts
This is my first post looking forward to the reply's.
My partner has 3ppi accounts tag onto 3 mortgage accounts 2being re-mortgages for house renovation does she require 3ppl on all the mortgages
Thanks for any advise
David
Comments
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If I am reading that jumble of letters correctly, you are asking if she needed PPI on her 3 different mortgages?
If so, we don't know, you'd be better asking her if she needed it or not? Having MPPI could save your house from being repossessed if you lost your job.
p.s. The word is 'replies' not 'reply's'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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You need to be cleaerer and provide more informationNon me fac calcitrare tuum culi0
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Thanks for response to my query
I am asking would you require a new ppi policy with every new re-mortgage taken out or would original ppi cover re-mortgages taken out at a later date
Cheers for replies0 -
redhotfox31 wrote: »Thanks for response to my query
I am asking would you require a new ppi policy with every new re-mortgage taken out or would original ppi cover re-mortgages taken out at a later date
Cheers for replies
Entirely depends on whether your circumstances are identical, certainly you wouldn't need 2 policies running at the same time but the original one might be out of date based on the situation at the point of taking out the secondSam Vimes' Boots Theory of Socioeconomic Unfairness: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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Thanks for reply
All ppi are still running and her circumstances haven't change from taking out original mortgage and adding the2 re-mortgages so I think she might have a case for claiming. Your advice has been invaluable thanks very much any extra advice or information will be grateful received0 -
What are these policies exactly and who are they with?Non me fac calcitrare tuum culi0
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redhotfox31 wrote: »Thanks for reply
All ppi are still running and her circumstances haven't change from taking out original mortgage and adding the2 re-mortgages so I think she might have a case for claiming. Your advice has been invaluable thanks very much any extra advice or information will be grateful received
You wouldn't claim (if you do mean claim, then you can on the policies but unlikely to get 3x payments) but rather complain and hope that there is some goodwill gesture about having duplicate cover. If all 3 policies would have paid out and all covered her mortgage regardless, they're probably within their rights to say no. See how it goesSam 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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Cheers again
I was thinking of suggesting to try to claim the last 2 ppi has they are exactly the same cover as original ppi has you say nothing to lose0
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