MPPI claim problem
MrsCooper
Forumite 5 Posts
Newbie
Hello font of all knowledge. I’m really really hoping you lot can help me. My story I’d this. Back in 2001 I purchased my first home. At the time I had a private mortgage broker. This mortgage was with northern rock. At the time I HAD to tAke out MPPI. Which I questioned at the time as it was a lump sum. Also told I had to have it and had no choice. I wS not happy. Anyway. I’m trying to claim this back but keep hitting brick walls.
Firstly I went to northern Rock who have told me there is no MPPI attached to my mortgage. I then tried to track my original mortgage broker. He’s disappeared. I then went to the financial ombudsman to track him to no avail. I then went back to my solicitor at the time. I have a statement from them proving the money was tKen out. All I wanted to know was to whom this MPPI was paid to. Again I’m told no there records don’t go back that far.
Sooooo this is where I’m at. Where do I go next. I’ve also approoseveral claims companies and no one will touch it.
HEEEELLLPPPP! I’ve got seven weeks left to find this money.
And thanks for reading this far 😁
Firstly I went to northern Rock who have told me there is no MPPI attached to my mortgage. I then tried to track my original mortgage broker. He’s disappeared. I then went to the financial ombudsman to track him to no avail. I then went back to my solicitor at the time. I have a statement from them proving the money was tKen out. All I wanted to know was to whom this MPPI was paid to. Again I’m told no there records don’t go back that far.
Sooooo this is where I’m at. Where do I go next. I’ve also approoseveral claims companies and no one will touch it.
HEEEELLLPPPP! I’ve got seven weeks left to find this money.
And thanks for reading this far 😁
0
This discussion has been closed.
Latest MSE News and Guides
Replies
You can safely put this one behind you.
The blunt truth is that it was the "private broker" who originally sold you the insurance that you would address any complaint and that broker is no longer trading. So there is no one to complain to
You have therefore completely wasted your time approaching Northern Rock, the Financial Ombudsman, your solicitor and several Claim Companies.
The fact that this sale took place prior the regulation of general insurance sales in January 2005 means that you cannot even gain access to FSCS.
Sorry.
That is all we need to know. It means you bought before regulation started on 14th Jan 2005.
Which is correct. NR didnt sell you any MPPI.
The FOS is not available to you as you bought before regulation.
Unless the solicitor sold the MPPI (which has happened) then they have no liability.
It doesnt matter who it was paid to. The provider has no liability.
You give up. The mortgage broker is the only one liable for the complaint but as it was prior to regulation of mortgage brokers, they dont have to consider your complaint and you dont get access to the FOS or FSCS. Its game over.
A shame as you were missold. Not because you were told to have it but becaues single premium is considered back in over 9 out of 10 cases.
😊😊
I am currently furloughed and been advised by government to shield for 12 weeks as I am in the vulnerable category.
I have contacted LG insurance and I am still waiting on a call back,am I covered under the coved 19 situation.
Any help or advice appreciated Mark
You are not ill
You are out from wirk just in case you get ill.
I would think its unlikely you would be covered but best to check with them
and we will never, ever return.
1) you are not off work ill
2) you are furloughed which means you are getting at least 80% of your wages. So, you exceed the maximum amount of cover allowed under income protection.