We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Halifax TMPP
MackemMick
Posts: 14 Forumite
In a nutshell. Interest only Mortgage with cover taken out 1997. Changed to a repayment mortgage 2003 with a TMPP. Cover included life , sickness , critical illness and redundancy for myself and wife. The PPI element of the cover included in plan.
Referred to FOS under Plevin and Halifax have agreed to my complaint. Being compensated from 1997 to present date. No idea of award as am awaiting Halifax offer. My complaint was not told of commission made which was agreed by both parties it was highly excessive. Just had call off Halifax to say they were moving with it and hear back soon as.
Referred to FOS under Plevin and Halifax have agreed to my complaint. Being compensated from 1997 to present date. No idea of award as am awaiting Halifax offer. My complaint was not told of commission made which was agreed by both parties it was highly excessive. Just had call off Halifax to say they were moving with it and hear back soon as.
0
Comments
-
Plevin complaints don't normally have to go to the Ombudsman. The finance is either covered under Plevin or it isn't. Why did the Bank originally reject your complaint?MackemMick wrote: »My complaint was not told of commission made which was agreed by both parties it was highly excessive.
By the way, you are getting a refund of undisclosed commission, not "excessive".0 -
Complaint over PPI because of unfair cost to FOS placed in 2015 after rejection by Halifax. Reviewed and kept on file by FOS till now because of Plevin case.0
-
Also .. the letter from FOS stated " excessive " not undisclosed.0
-
The tipping point for Plevin is 50%, but if it was disclosed at the time then Plevin would not apply.MackemMick wrote: »Also .. the letter from FOS stated " excessive " not undisclosed.
Regardless, well done on your success0 -
Just to add they were adamant they were not at fault but would refund as if they were on both issues.
0 -
MackemMick wrote: »Just to add they were adamant they were not at fault but would refund as if they were on both issues.
As stated, there is nothing wrong with "excessive" commission unless it was undisclosed. That's the whole point of the Plevin Ruling.
Your complaint about excessive commission had no validity. You won't even have known how much commission was paid, so how would you know to complain that it was "excessive"?
Basically, you got lucky with Plevin..0 -
It sounds merely like you’re getting a Plevin refund... that’s not really a win as firms are legally obliged to refund those who are affected.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards