MPPI claim is it too late?

museum_gal

Hi I'm trying to help out a relative who l believe has a claim. She had MPPI with National and Provincial (which later became Abbey) in the early 90's, l think she was mis-sold as she was a full time student at the time and was also told it was required to get a mortgage. She still has all the paperwork and l am happy to fill out the forms required but she isn't sure she has a claim and wants to pass it over to a company to check especially with the deadline approaching.

Does it sound like she might have a claim? And is it to late to DIY the claim? Not sure if the banks will hold up claims until the deadline passes? :undecided

brettcta

Might be too late to make a claim if the policy’s cancelled but you can still make a complaint (if that’s what you mean) up to 29 August 2019.

No need to use a third party

museum_gal

Ah yes so sorry of course l meant a complaint! I'll start paperwork for her tomorrow, any idea if the banks will unnecessarily delay the claim to go over the deadline? Or am l just highly cynical?!

JGB1955

The deadline is for claims, not for payments.

SonOf

l think she was mis-sold as she was a full time student at the time and was also told it was required to get a mortgage.

There were a number of lenders offering mortgage deals as long as you bought MPPI. If you didn't want MPPI, then you got a different deal. that is allowed as long as it isnt a lie.

Also, if she was a full time student, how did she get a mortgage?

but she isn't sure she has a claim and wants to pass it over to a company to check especially with the deadline approaching.

CMCs do not check. They will just submit the complaint irrespective of whether she has a case or not.

And is it to late to DIY the claim?

No. The deadline is not yet.

Not sure if the banks will hold up claims until the deadline passes?

That isnt how it works. The deadline is for them to receive the complaint. Not to resolve it.