Total Mortgage Protection

[delicarik123]

Hi I wonder if anyone can help,

 

My parents took a mortgage out in 2001 and alongside it was Total Mortgage Protection, now my step dad has always been careful with money, and cannot recall asking for this or it being "sold" to him. Is this something that could possibly be claimed back?

He has never thought about it before until these have you been sold PPI people got his number.

 

Thanks in advance

[citizenB]

If this was an insurance of some form, then I would say yes, it can be reclaimed.

 

I will ask for you.

[delicarik123]

Hi

Thank you citizenB that would be great, he also took 2 further loans after that (added to mortgage) which I believe he has also been charged insurance on - all of these loans are now paid up, does this matter when reclaiming?

 

Many thanks for your help

[dx100uk]

yes it is ppi

 

dx

[delicarik123]

Great thanks dx. so next question is, how ? is it a SAR?

 

Thanks for your help

[dx100uk]

yes ofcourse

 

sar time

 

dx

[delicarik123]

thanks

[delicarik123]

Oh dear. total mind boggle haha....we have all the paperwork so I don't need to do a SAR??!!

What is next move please

Sorry I blame my condition :S

[citizenB]

I would say yes -

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?240972-Halifax-TMPP

 

Here you go, rebel has found a similar situation for you..

[delicarik123]

Great, thank you citizen and thank you rebel.

Is there a template I can use or just write a letter? I am not sure he would just phone them

 

Thanks

[dx100uk]

next move is filling out the spreadsheet if you wish

 

This first spreadsheet is the latest version of the statutory interest calculator and is used for Single Premium PPI cases. It can also be used where rollover PPI is involved, i.e. a new loan re-financing a previous one and where PPI is included in one or more loans. It can also be used for S69 redress calculation on any sum, like on a closed/frozen interest PENALTY charges claim.

 

StatIntSheet v101.xls

 

and an FOS CQ

http://www.financial-ombudsman.org.uk/publications/technical_notes/ppi.html

[delicarik123]

Thank you, will have a look at that tonight

[delicarik123]

have I done this right then,

 

the first spreadsheet,

 

I have gone from the date first premium paid (21/08/2001) and the amount of that upto and including final payment (21/07/2011) ?

 

I don't want to get this wrong as by the looks of it, they are owed quite a bit!

 

Thanks for all your help

 

ALso, just another question,

he also got a personal loan and instead of a monthly premium,

his insurance was added to the loan total..

.including charge for credit for taking the insurance!

 

I presume as also missold, that this can be claimed back?

 

He was charged Insurance of 829.83 and then charged 142.53 for the privilege!

and this was all added to the loan,

so a £5k loan turned into a £6831.36 loan

- of which only 859 was actually the interested on the 5k,

 

hope I have made sense!

 

So in effect he was charge more in insurance than he was in charges for the loan itself.

[dx100uk]

as long as you are entering every PPI payment on its date [montly]

each on a new line

you are correct.

 

as for the other one

 

see no.1. below.

 

dx

[delicarik123]

That's what I put

eg 21/08/2001 48.17

21/09/2001 48.17 and so on until 2011

 

And thank you will take a look. Thanks so much Dx

[delicarik123]

Hi, thank you for all the help, I have worked everything out and used the calculator so I am now just going to draft a letter to ask for refund, can anyone tell me which address to post it to please? Have had a look and can't find the right one?

 

Many thanks

[slick132]

What bank is involved ?

 

Their website should give info on where to lodge a PPI refund claim.

 

[dx100uk]

if you want the spready checked

post it up

 

dx

[dx100uk]

don't forget the fos cq

[delicarik123]

Sorted the address thanks. all sent off. I double checked what I had put on there as per advice, and am pretty sure it is correct. I am sure they will let us know if there is an error as I presume they will still do their own calculation

 

Thanks again for all your help

Oh, they don't do internet, but have said they will give me a little "something" for my help, which in turn I will donate