A few years ago a company called Loancheck and a firm of solicitors, Watson's from Llandudno, carried out an audit on my mortgage.
as probably many on here already know, those two organisations are no longer in existence.
Recently I dug my file out on this old mortgage (redeemed in 2007) to try and piece it all together from the information I have.
I have some paperwork but not all documents from the file Watson's had created for my case.
One of the key documents missing from my files is the actual mortgage agreement.
I'm not sure if it is in the Watson's file as it appears that Watson's were having difficulties in getting requested documents from the Skipton.
The latest dated copy of a letter from Watson's to Skipton I have (dated 2008)
refers to earlier dated letters reminding the Skipton that certain documents had been requested before.
I have requested my file back from Mr Watson (phoned the Solicitors Regulatory Authority who advised I write to him via them
as they would forward the letter on to his personal address), but as yet I have not had a reply.
One of the few issues that Watson's did mention was the the possibility of mis-selling of MPPI. I don't know whether Skipton replied to Watson's regarding this.
I did have MPPI on the mortgage.
I have come across a letter from Skipton sent to all MPPI customers confirming this.
The letter said, "as your insurance premium is paid with your mortgage", therefore it would appear that it was a front loaded single premium mortgage.
I also have a copy of the original Enquiry Form from my meeting with the salesperson from the Skipton where it clearly states that I was self-employed.
I didn't know I had MPPI at the time I took the mortgage out,
I don't have a copy of my loan agreement (to see exactly how much the MPPI was)
and I don't have access to the documents that Skipton sent to Watson's after my SAR request.
As I said however, I do have a letter from Skipton's confirming I had MPPI and a copy of the Enquiry form clearly showing I was self-employed.
I am in the process of writing to the Skipton to request a refund but am unsure as to how much to put in for the claim.
In the absence of knowing specifically what the amount was,
is there any other way of knowing how much MPPI would be included in a monthly mortgage payment?
For instance, would there be an industry standard £MPPI to every £100 monthly mortgage repayments made?
If there is, or amounts within certain parameters, then at least I could calculate a reasonably accurate figure.
Or should I send the letter stating that I intend to claim,
without an amount mentioned in the letter,
ask them for a copy of my loan agreement (although knowing that they were reluctant to send me this in the past),
and wait for the response from Skipton?
I hope all that makes sense.