Thread: PPI wrong doings? LSTB/C&G

Originally Posted by lindyhop

Hi i'm back again with another thread on PPI's again. for me this really has opened up a can of worms.

just recently i have spent hours reading through the posts, and my attention has now been drawn to the PPI attached to my mortgage which i expressly refused just over 10 year ago. the big thing is that i actually have in writing from ltsb/C&G a print of my interview with them for the mortage where the advisor recorded

'Protection:

no need has been indentifed at this reveiw

the client accepted the recommendations

Income
in the event of illness (my name) could experience a drop in living standards, however the client felt that she did not wish to protect her income

the client accepted the reccomendation'

LTSB/C&G having recorded that i advised that i didnt need or want their protection cover, i was astonished on going over paperwork to identify that since the start of my mortgage with LTSB PPI has been applied since 1996!!!!!!

now you may think that i didnt read the document 10+ year ago. i promise i did, i honestly dont know how i didnt realise about the PPI (but there you go), i think i must have been concentrating on the repayment figure and that i could afford it rather than taking in the Breakdown.

i must add though the PPi is quoted on my mortgage quotation, having checked the following statements i cannot find any further reference to it. the statements just mention payments made and interest no seperate detail about the £20.00pm PPI. is this normal? if this information had been included with my statements i most definately would have picked up the additional charge and challenged it.

is my mortgage repaid? hell no, since then i have taken out a further loan, and you guessed it , checking through that paperwork there is an additional PPI on that as well. but this one is annoying as well because the loan was applied for over the phone. NO ONE asked me if i wanted the PPI, or explained about it being optional, but it has ended up on the new loan arrangement anyway. this time for £24.00pm. what a bleedin liberty. so far then that is approx £49.00pm on unless PPI's. i work in the public sector with pretty generous benefits and this was the case when i took out the mortgage initially (which is why i refused it) and was the same for the loan. aaaaaaarrrrrrrhhhhhh

now before i start firing on all cylinders, experienced forum members, does this look like a reclaim case. what are the chances of the C&G requesting immediate pay back of the remaining mortgage and secured loan?

i know i signed documents and that you should alway always read the small print, but for godsake its a bank, if you cant trust your bank who the hell can you trust. having told them i dont want their protection the first time and not being asked the second who would have thought that they would have included these charges anyway. Good God there are a large financial institution with a history going back about 300 years for christsake. what the hell is going on??

please excuse the rant. only just discovered the charges. i think i am in shock. im going for my bath now to try and calm down.

someone please help or tell me to shut up

Hello,

Posted on GT thread, but see you have started your own thread.

Have you calmed down now after your bath .

I would say that you have the evidence of mis-selling with the mortgage ppi. Go after them with this.

The loan yes I would agree. Go after them with this. You may have to do 2 separate claims as It may be two separate departments that you need to deal with.

Anyway you have now learned the hard lesson, never, never trust any financial institute. They are after one thing only, your money by fair or foul means.

and of course we are now educating ourselves in their tactics and yes the worms are turning.