Countrywide Insurance and Northern Rock Mortgage that never happened.

matty_j

Hi, I've been having a good look around on the forums and am a bit lost as to my situation, sorry it's a bit of a long one.
Back in 2004 when I was but a young lad, I took advice from a mortgage adviser from Countrywide at an estate agent who arranged a Mortgage through Northern rock which was agreed in principle and went as far as getting surveys and all the other bits and pieces done including signing up for the insurance I needed to get the Mortgage. A short while later when it came to getting the real money, I was told that Northern Rock had changed their criteria and that I was no longer eligible for the Mortgage, so pretty much tough luck. Over the coming weeks I struggled to find another provider (Halifax adviser to the rescue) and it all eventually worked out, although with having to pay again for surveys etc.
Fast forward a couple of years and I noticed that the insurance that I'd signed up with Countrywide was still going out of my account, I promptly stopped this and went to see the Mortgage adviser who told me that I decided to take the insurance and that it wasn't linked to the mortgage, so basically "tough".
I only bring this up now as I come across all the original paperwork when having a clear out recently and it bought all the bad memories back of the mortgage that never happened.
I know this was in 2004, but is there anything I can do about it now? I know it wasn't PPI but definitely felt robbed and a complete mug at the time and 14 years later a bit more grown up and sceptical about advice.
It feels good to get it off my chest and can't believe I was so Naive and stupid at the time.
Thanks.

dunstonh

I promptly stopped this and went to see the Mortgage adviser who told me that I decided to take the insurance and that it wasn't linked to the mortgage, so basically "tough".

That is correct.

but is there anything I can do about it now?

No. You havent described any wrongdoing and its pre-regulation.

I know it wasn't PPI but definitely felt robbed and a complete mug at the time and 14 years later a bit more grown up and sceptical about advice.

No need to be sceptical about advice. Most people take out insurance to cover their mortgage and for good reason. The fact you changed lender didnt change the scenario in any way.

The only thing you really did wrong was use the estage agent broker. Never use them. Always use local independents.

matty_j

Thanks for your reply.