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P.P.I claim, joint mortgage with now deceased exhusband.
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angi3
Posts: 1 Newbie
Hi,
I had several mortgages with my husband in the 90's and 2000's over 15 years starting in 1990.
I've just started looking into claiming any PPI missold to us.
My ex-husband and I divorced in 2012 and he sadly passed away in June 2015. He died in intestate and our children inherited his entire estate as he had no partner/ new wife.
Assuming he didn't claim PPI (I don't know if he did) can I claim the whole sum due from the mortgages we paid towards jointly or will this be a complicated matter of involving our children? will I only receive half of the compensation?
Any one with experience of this kind of situation?
I had several mortgages with my husband in the 90's and 2000's over 15 years starting in 1990.
I've just started looking into claiming any PPI missold to us.
My ex-husband and I divorced in 2012 and he sadly passed away in June 2015. He died in intestate and our children inherited his entire estate as he had no partner/ new wife.
Assuming he didn't claim PPI (I don't know if he did) can I claim the whole sum due from the mortgages we paid towards jointly or will this be a complicated matter of involving our children? will I only receive half of the compensation?
Any one with experience of this kind of situation?
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Comments
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Whoever has probate can do it, you might need to apply for this
As it was a joint sum it would be paid in full to you as the sole remaining joint person assuming there were no debts etcSam 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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If there was any ppi attached to the mortgage(s), you would need to show why it was unsuitable. Do you believe it was in some way mis-sold?can I claim the whole sum due from the mortgages we paid0 -
Assuming he didn't claim PPI (I don't know if he did) can I claim the whole sum due from the mortgages we paid towards jointly or will this be a complicated matter of involving our children? will I only receive half of the compensation?
1 - Was there actually any MPPI?
2 - Was it actually mis-sold?
3 - was it arranged by lender or adviser/broker?
You then move onto the executor of his estate as they are the ones that can raise a complaint in his name. Is that 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 -
Apply for it, see if you are awarded a repayment, and then see how the bank/company want to play it as regards the other mortgage party.:heartpuls Mrs Marleyboy :heartpuls
MSE: many of the benefits of a helpful family, without disadvantages like having to compete for the tv remote
Proud Parents to an Aut-some son 0 -
Tigsteroonie wrote: »Apply for it, see if you are awarded a repayment, and then see how the bank/company want to play it as regards the other mortgage party.
The "other mortgage party" is deceased, that was made clear in the original post. If it was a truly joint policy then the remaining joint person would be entitled to the full amount if they agree it was miss-soldSam 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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Hi Angi3
I'm really interested to know how this panned out, as a friend is in a very similar situation He had a mortgage with his wife, who then divorced him. Unlike your husband, she did remarry, but she has since died. Any tips or info gratefully received. Thank you!0 -
rubbishteach wrote: »Hi Angi3
I'm really interested to know how this panned out, as a friend is in a very similar situation
Angi3 last logged into this site more than a year ago. She never returned to update the thread and it's not even clear if she had PPI.0
This discussion has been closed.
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