Reclaiming PPI sold by financial advisor
edited 30 November -1 at 1:00AM in Reclaim PPI & Other Insurance
9 replies 4.9K views
I have definitely had PPI for a previous mortgage through Halifax bank (I still have a letter from the provider), but the PPI was sold by an independent financial advisor who recommended it due to the high level of borrowing and being a single person. I knew I had the policy and paid it for 12 months but then having decided I no longer wanted it, cancelled the payments. I have been in touch with Halifax (before the new Plevin stuff was mentioned) and they told me there was no record of PPI in relation to the mortgage I had at the time. I presume the financial advisor will have received some form of commission from the PPI company for selling the policy but if Halifax didn't, does this mean I don't have a claim? Reclaiming PPI is only through banks and not through other providers i.e. financial advisors, is this correct?
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