Society & Culture2 mins ago
Mortgage protection Insurance.
16 Answers
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?
Answers
Best Answer
No best answer has yet been selected by Tilly2. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ."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.
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.
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.
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.