Mortgage MRP (Is this like PPI)

**Philip23** · 20th October 2009 20:15

When I took out my mortgage icon

in July 2005 I was told it was a statutory requirement to have this insurance. After 10 months, I thought sod that, I'm not paying £24.00 per month so I cancelled. Although it's not much, can I claim this back from the bank?

Thanks in advance.

**landy_alert** · 20th October 2009 23:40

Hi Philip23

Was this a Single Premium policy - ie, loaded upfront onto the mortgage icon

?

I have heard on another forum that in the case of single premium mortgage icon

PPIs 90% of mis-selling icon

complaints are upheld by the fos icon

.

Further info - mortgage lender etc will help people give advice on your particular case.

Regards,

Landy x

**Philip23** · 21st October 2009 09:52

Thanks for your reply. It was a monthly payment, which they told be was a mandatory requirement for new mortgages. Not very much money lost - but I'm not letting Natwest icon

make an illegal profit out of me.

**landy_alert** · 21st October 2009 10:31

Hi Philip23

If you say you were told that taking the PPI icon

was a condition of being accepted for the mortgage icon

, it sounds as though you have grounds for saying it was mis-sold. I only know about Single Premium mortgage icon

policies though I'm afraid, but I'm sure someone else is more knowledgeable about this and will be along to help you.

Regards,

Landy x

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