Reclaim PPI from over 30 years ago

Majoca1963

I had a loan with Yorkshire bank back in 1980/81 I have tried to claim last year and they said they don't have any records for this, is it worth trying to claim again?

BoGoF

If you want the same answer then yes.

McKneff

No, you dont get 2 bites of the same cherry

[Deleted User]

Majoca1963 wrote: »

I had a loan with Yorkshire bank back in 1980/81 I have tried to claim last year and they said they don't have any records for this, is it worth trying to claim again?

Why waste your time and their time by making the same "complaint" a year on from the last? :eek:

Regardless of the time which has passed and the supposed lack of records, virtually no one had PPI in the early Eighties. PPI only became mainstream in the late Eighties and was mainly (mis)sold in the Nineties.

So, if you are hoping some phantom PPI will somehow be found this year rather than last, you have a forlorn hope....

Sorry.

alanwillis

So I had PPI in 1982 - 2000, with NatWest Home Loans Ltd. They told me that I cannot claim due to "Regulators Dispute Regulations" apparently stating that I should have claimed in 1985 and I can NOT now make a claim 19years after the mortgage was closed. I do have paper records. Should I raise a further complaint with the ombudsman?

Bermonia

What were your complaint reasons - this may explain why they have considered it to be time barred?

Nasqueron

alanwillis wrote: »

So I had PPI in 1982 - 2000, with NatWest Home Loans Ltd. They told me that I cannot claim due to "Regulators Dispute Regulations" apparently stating that I should have claimed in 1985 and I can NOT now make a claim 19years after the mortgage was closed. I do have paper records. Should I raise a further complaint with the ombudsman?

If they have correctly applied the time bar then going to the FOS won't make any difference, the key will be why they believe the 3 year rule is in force.

alanwillis

OK - thanks <<sad face>> It was worth a try...

[Deleted User]

alanwillis wrote: »

OK - thanks <<sad face>> It was worth a try...

Care to explain exactly why your complaint is time-barred?

alanwillis

NatWest letter says... (quote) "I believe that our Regulars Dispute Resolution rules apply to where you are stating your mortgage agreement from 1980 did not provide details necessary to you. I am therefore unable to consider this issue further as, in our view; these concerns should have been raised no later than 1985. This is because your mortgage started in 1982 and was closed in 2000, you are now making a complaint about this matter 19 years after your mortgage closed and 37 years after you took the initial mortgage" (unquote) So as I am not familiar with this jargon and Money Saving Experts have prompted me to complain about 'historic' accounts. Seems I failed at the first hurdle ...

[Deleted User]

alanwillis wrote: »

Seems I failed at the first hurdle ...

Not really, seems like your complaint should have been made at the latest 34 years ago...

I'm also not seeing any "jargon" in the bank's response, it's very clear and understandable.

Sorry.