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kensington mppi broker broker gone bust help needed


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Hi I have a mortgage with Kensington taken out in SEPT 2004 arranged by TML (gone bust) at the time they were owned by Kensington. I believe it was mis sold anyway as my partner was self employed, the policy was single payment for 3 years.

 

I have spoken with Kensington stating that I as they had the payment they are responsible. They say they are not (NO SUPRISE THERE!!!). They are calling the PPI ASU and have wrote me a letter advising me to contact FSCS - but we are not covered by them.

 

I have contacted the FOS who will look into but that will be long winded.

 

Anyone have any advice please

Many thanks

LL:eek:

Edited by lesterlass
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wrong

whom ever sold you the mortgage ARE responsible!

 

 

utter bull!

 

why wont fscs cover you?

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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write back to ken

stating they sold you the mortgage and they are responible for the ppi

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Hi

 

You could ring the FOS just as a general phone query (although they will not be able to take it on against a dissolved broker), but they do come out with suggestions as well, on other avenues to take in order to try to reclaim your money.

contact us

 

On one of mine, being in the same situation (not MPPI but loan PPI), the business went bust and the FSCS were not able to deal with this either as they were not regulated as such, but the FOS suggested another way is to try through the actual "insurer/underwriter", even though I did end up pursuing the insurer they would not accept liability, but the FOS are able to deal with them.

 

Good luck.

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just write back telling them so!

 

they are just calling your bluff, and prob laughing at you too!

 

you need to do these things in writing & be sure of what you are after.

 

if you have all you payment records you also need to do a spread sheet detailing exactly what you want them to repay and how you calculated it.

 

 

see 'notes for claimants' stickie on the ppi forum homepage.

 

or read some other threads

the more you read the stronger you become

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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  • 2 weeks later...

Hi lesterlass:)

 

Thanks for the PM - sorry I've been busy painting a ceiling!

 

Once again I'm afraid I don't really know what to advise here as I haven't had any dealings with brokers who are no longer trading and I wasn't aware about the FSCS not covering complaints before October 2005.

 

You seem to have had good advice already from dx, di0430 etc - have you done as dx suggested and written back to Kensingtons with a list of all you are reclaiming in the way of PPI?

 

You must let them see that they can't brow-beat you over this - these companies just hope that we will roll over and back down once they have said they can't help, but we have to come back fighting as I know you are aware ;)

 

In my own PPI complaint (against our mutual friends Swift and the broker Norton Finance) the broker provided a recording of the call during which the PPI was sold to us, which I could so easily have taken as evidence that my claim would not succeed - indeed they kept harping on about how this was proof they had acted in accordance with the guidelines etc etc - but I was determined to fight tooth and nail to prove the mis-sale.

 

There are definitely other cases such as di's where Caggers have gone for the underwriter/insurer if the broker is no longer trading and as di said the FOS may then be able to assist - all avenues need to be explored!

 

Sorry I haven't been of much help,

 

Landy x

LTSB PPI on various loans (current/settled) - Refunded inc 8%

 

MBNA 1 Charges - Refunded inc CI

 

MBNA 1 PPI - Refunded

 

MBNA 2 Charges - Refunded inc 8%

 

MBNA 2 PPI - Refunded

 

MBNA 2 Accident Ins - Refunded

 

Swift Advances (settled) Mortgage Charges -Partially refunded

 

Swift Advances (settled) Mortgage PPI - Refunded inc CI & 8%

 

Sainsburys (settled) Loan PPI - Refunded inc CI +8%

 

Sainsburys (closed) Card Charges - Refunded inc CI + 8%

 

M&S Money (closed) Card Charges - Refunded inc CI

 

M&S Money (closed) Card PPI - Refunded inc 8%

 

Direct Line (settled) Loan PPI - Refunded inc CI + 8%

 

Debenhams Card (closed) PPI - Refunded inc 8%

 

Swift Mortgage Charges -Refunded

 

Hitachi Finance (closed) Charges - Refunded

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