Mortgage protection Insurance.

[Tilly2]

If, when you took out your mortgage, you also took out a mortgage protection policy through their recommended company i.e. Woolwich Mortgage and General Accident mortgage protection, can you make a PPI claim?

[factor-fiction]

Yes. Did you want it? Did you need it? Would/could you have used it if you needed it?
Have a look on the Martin Lewis Money Saving Expert site

[Tilly2]

I suppose at the time we did wantit because if one of us had died then the mortgage would have been paid off.

[woofgang]

the other option is were you told that if you wanted the mortgage, you HAD to have it?

[factor-fiction]

Yes, i never really understood that reason though, woofgang- as by shopping around it was usually possible to find a mortgage without PPI wasn't it?

[Tilly2]

I'm talking about 1980 here. When you could get a mortgage offer you took it. Mortgages were very difficult to get. There was no shopping around.

[rojash]

"by shopping around it was usually possible to find a mortgage without PPI wasn't it?"
Of course it was. I was self employed when I took out our first mortgage, so PPI was of no use to me, so I didn't have it (wish I had, I'd be claiming a fortune now).

Tiily2. If you had PPI because you wanted/needed it and weren't excluded from its benefits, then it wasn't mis-sold. Simply having PPI is not a reason to be compensated.

[woofgang]

Whether or not it was possible to find a mortgage without it, if you were told that if you wanted that mortgage you had to have it, you were mis sold as it wasn't legal to sell PPI in that way. If you think you have a claim, go for it.

[Tilly2]

Thanks everyone. I'll look into it

[mandy22]

Tilly, make a claim yourself, dont go though a PPI claim company, they take far too much in compensation. contact the woolwich directly yourself.

[bednobs]

1980 is too far back

[bednobs]

what you are describing is life insurance, not PPI (i think)

[Tilly2]

Yes bednobs, I think you might be right. It was life insurance actually. Just clutching at straws, obviously.

[ubasses]

You say you took PPI in case one of you died, PPI does not pay out for death it sounds very much like you took out a life insurance policy assigned to the mortgage. So no you will not be able to make a claim.

[bednobs]

ach, but what do i know?
perhaps the moneysavings expert site might give you more help.
incidentally, i saw an ad for a ppi reclaim firm today that said "mr so-and-so reclaimed £38k. It made me wonder how much his actual loan was for, if that was the ppi payment!

[boxtops]

Mortgage protection insurance isn't PPI any more than life insurance is, IMO, it's term assurance for the duration of your mortgage. It protects your mortgage against your dying or certain other circumstances - I would never take out a mortgage without some insurances.

Credit cards and loans, on the other hand, the PPI protects your repayments and many of us were conned into buying it - my employment T&Cs means I get 6 months' full sick pay so unless I were off ill for a very long time, I'd never need to claim- they refunded me.

[Tilly2]

Thanks everyone .I'll forget about it now.