Reclaim PPI on mortgage that has been 'settled' for more than 6 years

[jm85]

I had my home repossessed in 2009 due to a change in circumstances.

 

The mortgage was with HSBC who marked the debt as 'settled' on my credit file in 2011 although I owed them money.

 

This was removed from my credit file at the start of last year since it had been 6 years since the settlement date.

 

I am certain that I had PPI on this mortgage. If I try to reclaim this PPI will it awaken the debt?

 

I have seen the rule of 6 years for standard credit card and loans but wondered what would apply to the mortgage?

[BankFodder]

A debt on a mortgage would normally last 12 years so I'm not quite sure what is going on. Anyway, you should certainly try to recover the PPI and furthermore you might well be able to argue that but for the mis-selling of the PPI you would not have fallen into arrears on your mortgage.

 

I think that you should look at all of this very carefully. Start off by telling us the whole story

[jm85]

Thanks for the reply.

 

I started the mortgage in 2001 when I purchased my first flat. I was told at the time I needed to take out the PPI as I had not long finished Uni and only had 18 months of full time work.

 

I lost the property as I had to give up my business to take care of my Mum who had Dementia. This was in 2008 but by the time it was repossessed it was 2009.

 

The property would have been worth around the same value as the mortgage but I'd have also expected them to add their costs when it was repossessed.

 

As the situation with my Mum was difficult, plus also being scared of what was happening, I put my head in the sand with it all.

 

Only in 2016 did I start to look into it all and found that there were marks for the mortgage.

 

In 2009 they had default marks and by 2010 it was marked as settled.

 

When it reached the 6 year anniversary it dropped off completely without me asking them to do it.

[dx100uk]

send them an sar get all the details you can first

then follow our PPI guide

[jm85]

send them an sar get all the details you can first

then follow our PPI guide

 

Cheers, no way of awakening the debt? I've not heard off them in many years, probably the 6 or so since it has been 'settled'.

[dx100uk]

Moved to the PPI forum

 

Sar doesn't reset anything

[jm85]

Thanks.

 

What about following it through after sending the SAR?

 

I could save a tenner if we know not to go further with it?

[dx100uk]

PPI doesn't reset anything

but if the OC still own the shortfall [very doubtful] it they might offset but not heard of that on a shortfall that old

and who said you owed it anyway