PPI Claim success on Mortgage
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HerbieM
Posts: 2 Newbie
Hi,
Having made a claim using the site (resolver) in August 2017 we have finally, after much back and forth, had the claim upheld. It was decided twice before as defended so well worth continuing to push.
The mortgage was in joint name for £55,000 taken out in 1990 and repaid on moving house in 1996.
The settlement calculation suggests a monthly premium of £9 was paid which seems extraordinarily low (I'd remembered it being £50+ but we cannot locate any paperwork, may need to look again!)
so the settlement figure is £600 for premium refund and £1300 compensatory interest (minus the tax).
So my question is do these figures seem sensible when compared to other claims?
Having made a claim using the site (resolver) in August 2017 we have finally, after much back and forth, had the claim upheld. It was decided twice before as defended so well worth continuing to push.
The mortgage was in joint name for £55,000 taken out in 1990 and repaid on moving house in 1996.
The settlement calculation suggests a monthly premium of £9 was paid which seems extraordinarily low (I'd remembered it being £50+ but we cannot locate any paperwork, may need to look again!)
so the settlement figure is £600 for premium refund and £1300 compensatory interest (minus the tax).
So my question is do these figures seem sensible when compared to other claims?
0
Comments
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You can't compare it to other complaints.
If you have evidence it's not right, then provide it. Otherwise, enjoy the money.0 -
The mortgage was in joint name for £55,000 taken out in 1990 and repaid on moving house
The settlement calculation suggests a monthly premium of £9 was paid which seems extraordinarily low (I'd remembered it being £50+ but we cannot locate any paperwork, may need to look again!)
Only this payment protection element is repaid - if it was part a wider mortgage package, this sounds like a reasonable calculation to me. As you suggest, your paperwork would outline this.0 -
Thanks for the quick replies, will enjoy the new funds.0
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