Thread: Possible silly question :)

Hello,

Just registered after a couple hours of reading up!

I've done a fair bit of reading, but I can't see anywhere if mis-selling of PPI applies to Mortgages too? Most of the threads I've read refer either to secured or un-secured loans. Im assuming im just being pedantic with the wording and it does apply?

The reason I ask is that my parents have PPI on a Halifax mortgage but weren't really aware of what it was and only agreed (over the phone initially) as it was indicated that the loan was contingent on this.

On an unrealted matter, I work in the IT department at Northern Rock, essentially fixing screw ups on Mortgages - I've seen some of the amounts quoted for mortgage PPI in the past... silly money! Especially considering how often it isn't paid out

Many thanks for any help provided and apologies if i've missed something obvious!

Ben

as usual

did this person get and sign a needs and demands statement to see if the PPI was sutable

what year are we talking when the mortage was taken out

Thanks for the quick response.

I have very little info at the moment. I just wanted to make sure it all applies to mortgages too?

Then I would go down the route of requesting the data held by the bank (Halifax).

Unsure if any statement was signed, unlikely - I think the PPI was added as part of a mortgage review / additional lending and was largely dealt with over the phone with call centre staff.

Initial mortgage taken out a long time ago (Endowment mortgage - one of the lucky ones that did ok) but reviewed a couple times.

well if this PPI was done over the phone and no needs and demands statement signed

thats misselling
start planning there holiday

yes

send the bank an SAR

Thanks again.

I'll just have to negiotiate some kind of finders fee next time im over at their house now :P

Thanks,

Ben