Bank of Scotland Mortgage

Kingtalk

Hi all

I had a mortgage with the bank of Scotland from April 2007 to December 2013.

What is the likelihood that PPI was present on this mortgage?

Thank you

dunstonh

What is the likelihood that PPI was present on this mortgage?

Most people didnt buy MPPI.
Most people who did buy MPPI were not missold MPPI.
April 2007 is already in the period when PPI misselling was known about and is post January 2005 regulation.

So, low odds of a missold MPPI.

[Deleted User]

Kingtalk wrote: »

What is the likelihood that PPI was present on this mortgage?

Since the mortgage was only paid off five years ago, it should be a simple matter to ask the Bank directly. However, the fact that it was so recent lowers the odds of any insurance being mis-sold to you considerably.

Kingtalk

So if PPI was found to have been on the policy but not Mis sold - is this where a pelvin claim would kick in?

dunstonh

Kingtalk wrote: »

So if PPI was found to have been on the policy but not Mis sold - is this where a pelvin claim would kick in?

Only if bought via a bank. (in theory brokers/advisers are captured under plevin but their commission rates didnt include profit sharing and were typically way under the tipping point. Banks commission on MPPI was under the tipping point but its the profit share that took it over).