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Unfair commission Halifax Mortgage
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ian_mck
Posts: 2 Newbie
Hi,
I have PPI on my Halifax mortgage. however I do not want to make a claim for an unfair sale as if I am out of work for any reason it will pay my mortgage for 2 years. if I make a claim and it is successful then my PPI will be cancelled.
Plus as I have made previous claims I figure the amount I would be paid out minus the previous claims will not be more than 2 years worth of mortgage payments.
However I am aware of the recent Plevin Court case and the even more recent Doran v Paragon Personal Finance.
I believe if I complain about unfair commission then I am not complaining about an unfair sale and therefore my PPI won't be cancelled.
When I have sought advice from Halifax's FAQ its seems I can only claim for unfair commission if I have been unsuccessful in a claim for unfair sale.
This to me doesn't seem right and in its self unfair. does anyone have any advice how to proceed?
I have PPI on my Halifax mortgage. however I do not want to make a claim for an unfair sale as if I am out of work for any reason it will pay my mortgage for 2 years. if I make a claim and it is successful then my PPI will be cancelled.
Plus as I have made previous claims I figure the amount I would be paid out minus the previous claims will not be more than 2 years worth of mortgage payments.
However I am aware of the recent Plevin Court case and the even more recent Doran v Paragon Personal Finance.
I believe if I complain about unfair commission then I am not complaining about an unfair sale and therefore my PPI won't be cancelled.
When I have sought advice from Halifax's FAQ its seems I can only claim for unfair commission if I have been unsuccessful in a claim for unfair sale.
This to me doesn't seem right and in its self unfair. does anyone have any advice how to proceed?
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Comments
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Plevin only replies to rejected mis-selling complaints. So you'd have to complain that your PPI was mis-sold I'm afraid.When I have sought advice from Halifax's FAQ its seems I can only claim for unfair commission if I have been unsuccessful in a claim for unfair sale.
This to me doesn't seem right and in its self unfair.
How is it unfair?
You either have a refund and the insurance ends or your insurance cover continues (as you want) and you get no refund. You can't have it both ways.
It's difficult to envisage a scenario where you'll get even a part refund and also get to continue with your insurance policy.
Sorry.0 -
Why do you think there was commission that was unfair ?
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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