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Is there really any point claiming PPI?

Just listening to Martin Lewis :money: on the "This Morning" programme today (July 8th) I have finally realised that ppi can be reclaimed on mortgages, ...even for old !!!!!!s like me who's mortgage spanned 1972 to 1997.
Some where along the way this changed from a standard Mortgage with Nationwide BS, to an "Endownment Mortgage" with "Legal and General".
I have absolutely no idea what element of the payments if any would be classed as "insurance" or "PPI".
If I have any paperwork concerning/supporting this it would be a miracle so I ask again.
...Is there really any point :question:

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If you have a genuine complaint about being mis sold PPI, then yes, of course.

    If you're just having a random stab in the dark for some cash, perhaps not.
  • BoGoF
    BoGoF Posts: 7,098 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Problem is chances of them having any paperwork are slim and if the mortgage was obtained through a broker than you can forget it.
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    SydSnott wrote: »
    mortgage spanned 1972 to 1997.
    Some where along the way this changed from a standard Mortgage with Nationwide BS, to an "Endownment Mortgage" with "Legal and General".
    You won't have been sold Mortgage PPI in 1972, that's a certainty.
    SydSnott wrote: »
    I have absolutely no idea what element of the payments if any would be classed as "insurance" or "PPI".
    If your mortgage was paid off 22 years ago and you have no documentary evidence yourself, don't be surprised if the Bank have also deleted their records of your finance too.
    SydSnott wrote: »
    Is there really any point?
    You have around seven weeks to research this and find out!
  • SonOf
    SonOf Posts: 2,631 Forumite
    1,000 Posts Fourth Anniversary
    have finally realised that ppi can be reclaimed on mortgages, ...even for old

    Anything can be complained about. However, the success levels (or reasons for complaint) vary. MPPI complaints are more likely to fail than succeed. Unlike loan and credit card PPI. You can still buy MPPI today. One of only two types that you can.
    I have absolutely no idea what element of the payments if any would be classed as "insurance" or "PPI".

    MPPi didnt exist in 1972. Plus, most MPPI had its own payment and was not bundled with the debt. And Nationwide didnt retail its own insurance products until the mid 80s.
  • SydSnott
    SydSnott Posts: 50 Forumite
    Sixth Anniversary 10 Posts Name Dropper Photogenic
    Thanks for that!
    @Moneyinepti... I think your first response agrees with my recollections, however it WAS long long ago... back when I had hair, and apparently some desirability among the ladies which may have clouded my judgement!
    I understand that PPI was not invented back then, but Nationwide being part of the CIS group I recall did insist that the House was insured by them at my expense and this continued to be the case after the transfer over to Legal and Generals Endowment policy in the early eighties.
    I was living in Dubai during much of this time and only found upon a visit home that the payments were still being taken a full year after the finish of the mortgage/endowment period.
    Further more, I recall them saying to me that they would keep the Deeds securely for me if I left the account open by leaving a pound unpaid!
    This seemed like a bargain, and I agreed only to receive demands for inflated insurance costs over the next 18 months.
    When challenged over these and told that I would personally handle the insurance, I was told that would not be possiuble since the society still had an interest in the property and had to protect their investment.
    Needless to say I exclaimed at their impudence and immediately gave them their "one pound stake" and requested my deeds be mailed to me.
    ...They couldn't find them for three months!!!
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    SydSnott wrote: »
    I understand that PPI was not invented back then, but Nationwide being part of the CIS group I recall did insist that the House was insured by them at my expense and this continued to be the case after the transfer over to Legal and Generals Endowment policy in the early eighties.
    I was living in Dubai during much of this time and only found upon a visit home that the payments were still being taken a full year after the finish of the mortgage/endowment period.
    Further more, I recall them saying to me that they would keep the Deeds securely for me if I left the account open by leaving a pound unpaid!
    This seemed like a bargain, and I agreed only to receive demands for inflated insurance costs over the next 18 months.
    None of what you detail is PPI (or mis-sold). Keeping £1 owing in order to have them keep the deeds safe, while unwise, is definitely not PPI and the "insurance" you mention sounds like Building Insurance or Life Assurance.
  • Yes. I am pursuing several PPI claims with my bank and they have already settled one.
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