Mis-sold TMPP

debmc61

Does anyone know if you can still claim if you think you were mis-sold a total mortgage protection plan?

brettcta

If it’s a PPI product, then you’ve literally just missed the deadline (and when I say ‘literally just missed’ I mean you’re about 2.5 years too late).

dunstonh

The TMPP is Halifax's protection policy.  It is a multi-segment plan. i.e. life assurance, critical illness cover, income protection and MPPI.

It is too late to complain about the MPPI element but it's not too late to complain if you held any of the other segments.  Although complaining about any of the other segments is rare and uphold rates extremely low.  

debmc61

dunstonh said:

The TMPP is Halifax's protection policy.  It is a multi-segment plan. i.e. life assurance, critical illness cover, income protection and MPPI.

It is too late to complain about the MPPI element but it's not too late to complain if you held any of the other segments.  Although complaining about any of the other segments is rare and uphold rates extremely low.  

It is the life assurance element. I feel we were made to have it as part of having the mortgage. Is it worth complaining?

dunstonh

debmc61 said:

dunstonh said:

The TMPP is Halifax's protection policy.  It is a multi-segment plan. i.e. life assurance, critical illness cover, income protection and MPPI.

It is too late to complain about the MPPI element but it's not too late to complain if you held any of the other segments.  Although complaining about any of the other segments is rare and uphold rates extremely low.  

It is the life assurance element. I feel we were made to have it as part of having the mortgage. Is it worth complaining?

Most people take out life assurance to cover the mortgage.   It is also one of the easiest types of insurance to understand.

Unless you are single, with no partner or dependents, then you had a financial need for life assurance.   Or you are immortal!!!

So, no its not worth complaining.

[Deleted User]

debmc61 said:

dunstonh said:

The TMPP is Halifax's protection policy.  It is a multi-segment plan. i.e. life assurance, critical illness cover, income protection and MPPI.

It is too late to complain about the MPPI element but it's not too late to complain if you held any of the other segments.  Although complaining about any of the other segments is rare and uphold rates extremely low.  

It is the life assurance element. I feel we were made to have it as part of having the mortgage. Is it worth complaining?

The question, to be blunt, is how would you prove your assertion that you were misled into believing you had to take out a policy when you didn't need to? Are you sure it wasn't a condition of the mortgage? As dunstonh says, few people have no need for life insurance when taking out a mortgage - people who are buying alone and have no dependants and wouldn't mind that, if they died, the bank would simply take back the house and sell it. The fact you say "we" implies 2 people involved, thus there was a valid reason to have it, so that if one of the two borrowers died, the other would not be left homeless