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Advice on buying through a broker


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Hi,

 

Bought a single premium PPI 2 years ago and the premium was added to our mortgage ( i didn't know i had even bought it until we got the renewal notice from the insurance company !!)

 

The mortage & the PPI was done through a broker and the PPI company is different to the Mortgage lender, do i write to the Broker, the Insurer or the mortgage lender to start the reclaiming process ?

 

Thank you

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Hi,

 

Bought a single premium PPI 2 years ago and the premium was added to our mortgage ( i didn't know i had even bought it until we got the renewal notice from the insurance company !!)

 

The mortage & the PPI was done through a broker and the PPI company is different to the Mortgage lender, do i write to the Broker, the Insurer or the mortgage lender to start the reclaiming process ?

 

Thank you

 

You should if you have a case for mis-selling, claim against whoever signed the Consumer Credit Agreement as that is the legal document which ties you to the mortgage. PPI etc unless you have a separate agreement for the Insurance. ( which I would question ) You will probable find when you come to claim back mis-sold PPI that the Mortgage company will blame the broker and vice versa. Whoever the monthly payment is made to from your account by direct debit that is where IMO you should start the claim and then let them provide the evidence that it was someone else.

 

aa

I have no legal training and the advice I offer is a matter of support. Before you commit to any Legal action you are advised to contact a qualified legal practitioner.

------------------------------------------------

Bank charge successes:

Halifax - Full settlement incl interest.

HSBC - Settlement, goodwill no admission of liability about 75% of claim.

RBS - Settlement, goodwill no admission of liability about 70% of claim.

2 ongoing claims for bank charges with HSBC with more to come. (Supreme Court ruling could have upset these claims) They did :mad:

PPI Successes

PPI 4 settlements on 9 loans. FOS involvement on 7 added on the 8 % Statutory interest another 30% to both.

2 claims settled in full with LV without FOS involvement.

2 claims settled in full with HSBC without FOS involvement

 

PPI Claims ongoing with:

Cap one Now with the FOS

Barclays. Paid up today 24/04/10 cheque received for over £4,500 and in the bank.

LTSB still have to decide on this as their SAR production was abysmal. Papers data mixed up documents missing etc

 

1 Complaint not upheld by FOS they said it was ICO issue. Complaint upheld by ICO. See this..

Post 290 from

***RBS PPI Claim Long fight but, WON***

 

Please do not PM me for advice as it may be sometime before I can respond.

 

Keep at them. Do not give way and do not accept all they tell you, they will delay and stall for as long as they can to prevent repaying you your mis-sold PPI.

 

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  • 2 weeks later...

OK, So i wrote and asked for my money back as I believe they had mis-sold the police to me, received a letter today saying they will look into it but it could take up to 8 weeks. Is this within the guidelines from the FSA and do you think this is a stalling tactic and after the 8 weeks they will say my complaint has not been upheld ?

 

Thanks

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OK, So i wrote and asked for my money back as I believe they had mis-sold the police to me, received a letter today saying they will look into it but it could take up to 8 weeks. Is this within the guidelines from the FSA and do you think this is a stalling tactic and after the 8 weeks they will say my complaint has not been upheld ?

 

Thanks

 

Yes they do have 8 weeks in which to respond to your claim they can respond with a "sorry you have no chance of getting a refund" as long as they state this is their final response or they do not reply within 8 calendar weeks then you can go off to the FOS with a complaint.

 

All of the information you will need is in the stickies at the top of the forum and if you need more advice just post on your thread.

 

aa

I have no legal training and the advice I offer is a matter of support. Before you commit to any Legal action you are advised to contact a qualified legal practitioner.

------------------------------------------------

Bank charge successes:

Halifax - Full settlement incl interest.

HSBC - Settlement, goodwill no admission of liability about 75% of claim.

RBS - Settlement, goodwill no admission of liability about 70% of claim.

2 ongoing claims for bank charges with HSBC with more to come. (Supreme Court ruling could have upset these claims) They did :mad:

PPI Successes

PPI 4 settlements on 9 loans. FOS involvement on 7 added on the 8 % Statutory interest another 30% to both.

2 claims settled in full with LV without FOS involvement.

2 claims settled in full with HSBC without FOS involvement

 

PPI Claims ongoing with:

Cap one Now with the FOS

Barclays. Paid up today 24/04/10 cheque received for over £4,500 and in the bank.

LTSB still have to decide on this as their SAR production was abysmal. Papers data mixed up documents missing etc

 

1 Complaint not upheld by FOS they said it was ICO issue. Complaint upheld by ICO. See this..

Post 290 from

***RBS PPI Claim Long fight but, WON***

 

Please do not PM me for advice as it may be sometime before I can respond.

 

Keep at them. Do not give way and do not accept all they tell you, they will delay and stall for as long as they can to prevent repaying you your mis-sold PPI.

 

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Hi kenturner:)

 

I was advised by someone on Martin Lewis's site that approximately 90% of claims relating to Single Premium PPIs applied to mortgages are being upheld by the FOS in the consumer's favour - how true this is I cannot say, but nevertheless it is reassuring to those of us pursuing this type of claim!

 

Good Luck with getting your money back!

 

Regards,

 

Landy x

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