Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • Jogal4
    • By Jogal4 17th Jul 19, 11:05 AM
    • 1Posts
    • 0Thanks
    PPI with mortgage
    • #1
    • 17th Jul 19, 11:05 AM
    PPI with mortgage 17th Jul 19 at 11:05 AM
    I'm trying to find out if I can do anything to claim PPI we had with our mortgage which has since been repaid. The lender confirmed we had PPI taken out through a broker "Key Consultants" based in Solihul who were introduced to us via our Cooperative insurance representative. It looks like "Key Consultants" are no longer trading does this mean the end of our trail.
Page 1
    • SonOf
    • By SonOf 17th Jul 19, 11:11 AM
    • 723 Posts
    • 869 Thanks
    • #2
    • 17th Jul 19, 11:11 AM
    • #2
    • 17th Jul 19, 11:11 AM
    Mortgage brokers became regulated for insurance in Jan 2005. So, if yours is before that date, then you give up as its pre-regulation.

    If it is after that date the firm would need to consider your complaint. However, as they no longer exist, you would have access to the FSCS.

    The FSCS uphold rate on mortgage brokers is only around 5%. PPI is not really seen as a mortgage adviser/broker issue as most brokers/advisers sold the good type of MPPI. i.e. monthly premium standalone with its own direct debit. You can still buy that type today. The bad type was single premium added to the mortgage.

    Most MPPi complaints fail anyway. So, I wouldn't be disappointed.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

4,030Posts Today

8,625Users online

Martin's Twitter