Can I make a Plevin claim on a mortgage protection policy from 1988?

NorthEastforever

I have read a few articles on MSE about Plevin but I am confused whether I can claim for a mortgage protection policy (Midland Bank) which was taken out in 1988 - it said it was due to run until 2008 but I think we may have switched mortgage providers before 2008 and if so, then the policy will have ended.
Thanks for any help.

dunstonh

The consumer credit act changes that allow for Plevin didnt happen until the consumer credit act 2006 effective from 6th April 2007.    So, the policy would need to have continued past 6th April 2007 to be captured by it.

I can claim for a mortgage protection policy (Midland Bank) which was taken out in 1988 - it said it was due to run until 2008 

This bit makes me wonder if you are referring to life assurance rather than MPPI.  MPPI was open ended and pay as you go.   It didn't have a final date.   Whereas life assurance would have a fixed term.
Plevin applies to general insurance and not life assurance.  (ignoring the fact that commission on a 1980s regular premium MPPI wouldnt like be over the plevin limits anyway).

NorthEastforever

Thanks. The leaflet I have with the policy is definitely called Mortgage Protection Policy but it does cover death benefits.  I wondered why it was for a fixed term.

dunstonh

The leaflet I have with the policy is definitely called Mortgage Protection Policy but it does cover death benefits.

Mortgage protection is a generic catchall for any insurance used in conjunction with a mortgage.

Payment protection insurance used with a mortgage could be called mortgage protection but that doesn't mean other insurances used with a mortgage are called PPI.

PPI covers accidents, sickness and unemployment.      Life assurance covers death.     

The bottom line is that you can put this to bed now.   You didn't have PPI and Life assurance is not PPI.  Plevin only applied to PPI.

~Brock~

Plevin took advantage of s140 of the Consumer Credit Act (CCA) to have the Court determine the relationship to be unfair.  The CCA does not apply to mortgages and therefore s140 does not apply either.