PPI Reclaims not covered by the FOS

WatchMan

societys_child wrote: »

lukemurtonWho are you proposing to you take to court and what illegality have they committed?

Well the who is a problem here - but Financial Insurance Company Limited take responsibility for some of these sales, which would allow lukemurton access to FOS.

Illegality is quite a different matter!

magpiecottage

Santander is an amalgam of different businesses. Some, such as Abbey National and Alliance & Leicester, were members of predecessor schemes to FOS and FOS can look at complaints about them. Others were not and FOS has no jurisdiction.

Dennis118118

Hi, new to the forum so sorry if this is on the wrong place.... my wife had a line with welcome finance 99 paid off in 2002, they have all the details of the loan except the underwriters (or they have but not telling). Been onto the fos and Fscs they have said as Pre 2004 it's not under their jurisdiction. Don't know what to do now, any suggestions would be gratefully received!
Thanks in advance!

dunstonh

Dennis118118 wrote: »

Hi, new to the forum so sorry if this is on the wrong place.... my wife had a line with welcome finance 99 paid off in 2002, they have all the details of the loan except the underwriters (or they have but not telling). Been onto the fos and Fscs they have said as Pre 2004 it's not under their jurisdiction. Don't know what to do now, any suggestions would be gratefully received!
Thanks in advance!

You give up.

It is pre-regulation and the firm does not exist. So, you have no-one to complain to and as regulation did not start until 2005, neither the FOS or the FSCS can step in. Its game over.

KB44

Sorry I'm new to this, but I inquired from the lender if I could have my original loan agreement for my mortgage -which is paid off, with a view to claiming if there was PPI. My letter was sent back with a request for a £10 fee. I'd pay it if I thought I'd got some PPI to claim, but I don't know if I have. Should I have asked a different thing in my letter?

dunstonh

but I inquired from the lender if I could have my original loan agreement for my mortgage -which is paid off, with a view to claiming if there was PPI.

1- Mortgages were not covered under the consumer credit act and did not have an agreement like a personal loan would.
2 - If you are looking to complain about MPPI, then a mortage contract would be of no use to. MPPI does not appear on it.

My letter was sent back with a request for a £10 fee. I'd pay it if I thought I'd got some PPI to claim, but I don't know if I have. Should I have asked a different thing in my letter?

Yes. you have made a mistake and wasted £10. MPPI is a standalone product. That is one of the reasons why so many MPPI complaints fail. That is how PPI should have been set up.

You could have just asked the lender if you had MPPI on the mortgage. Free of charge to ask them. They would only know if you did if you used them to arrange the mortgage. If you used a broker/adviser (as most people do) then they would not know what the broker/adviser arranged. You would need to ask the broker/adviser. However, most of those were not regulated until Jan 2005. So, if the sale was before that, they do not have to consider your complaint. And even where they have to, the vast majority of broker/adviser complaints about PPI are rejected (single premium MPPI being the main area there are issues).

KB44

dunstonh wrote: »

1- Mortgages were not covered under the consumer credit act and did not have an agreement like a personal loan would.
2 - If you are looking to complain about MPPI, then a mortage contract would be of no use to. MPPI does not appear on it.



Yes. you have made a mistake and wasted £10. MPPI is a standalone product. That is one of the reasons why so many MPPI complaints fail. That is how PPI should have been set up.

You could have just asked the lender if you had MPPI on the mortgage. Free of charge to ask them. They would only know if you did if you used them to arrange the mortgage. If you used a broker/adviser (as most people do) then they would not know what the broker/adviser arranged. You would need to ask the broker/adviser. However, most of those were not regulated until Jan 2005. So, if the sale was before that, they do not have to consider your complaint. And even where they have to, the vast majority of broker/adviser complaints about PPI are rejected (single premium MPPI being the main area there are issues).

Thanks for your advice!

earthan7dor1

Well, I've read a plethora of information; gone on forum; told I'm not entitled; found my archived papers (still painful); heartened by a claims company; just read MSE checklist - which indirectly intimates, "I'm IN!". But am I REALLY?

While I'm ready to re-bury my papers, why is my gut feeling still, "I too have a right to Justice, even though I/my claim don't fit stringent pigeon holes".

[Dan Hyde: Your right to justice musn't fade with time.:T]

So honestly, aware that my issue doesn't convenently tick rigid boxes :

In short, as a single woman, no kin or dependants, and a 15 year repayment Mortgage before; I was mis-sold an NHL (always was Paragon) 'low start' Endowment Mortgage with insurance cover in 1987.

SO much I was never told. I only received papers after moving in,

I was opiniond an "easy killing". :mad:

[Injustice anywhere is a threat to justice everywhere - Martin Luther King].:silenced:

[Deleted User]

I have no idea what you're asking.

-taff

There's no PPI on endowment mortgages, and you are years too late to complain about a shortfall.
Being single has no bearing on being sold an endowment mortgage.

Of course, I may have completely misunderstood your post because it's a bit confusing...

And you've already been answered here

https://forums.moneysavingexpert.com/discussion/5783279