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[05omegav6]

Once upon a time I had a Marine Mortgage. My taking the lenders own life insurance and their own payment protection insurance were both stipulations of the loan. The option to shop around for cover was not provided.

The company can possibly reclaim the payment protection as an operating expense, and therefore might not be eligible for reimbursement.

Would suggest dealing directly with the lender, rather than the shysters of the telly.
Banks repay what they've aquired from you plus interest, shysters claim what they can on your behalf, and then take a stinking commission, so you end up with less than you've paid out.

[TheBoy]

Someone who had it happen told me that there was no clue in the payment details from his bank or loan agreement from the lender to show anything other than he was paying for the loan he took out.Couldnt find anything anywhere to suggest he had taken out PPI until he decided to ask the question after being bombarded with emails & texts from companies offering to reclaim it for him.He got curious and contacted the lender who admitted fault and repaid him.

I fail to see that, esp on something so simple as a loan. Its incredibly simple maths.

[TheBoy]

Once upon a time I had a Marine Mortgage. My taking the lenders own life insurance and their own payment protection insurance were both stipulations of the loan. The option to shop around for cover was not provided.

The company can possibly reclaim the payment protection as an operating expense, and therefore might not be eligible for reimbursement.

Would suggest dealing directly with the lender, rather than the shysters of the telly.
Banks repay what they've aquired from you plus interest, shysters claim what they can on your behalf, and then take a stinking commission, so you end up with less than you've paid out.

Indeed, these mongrels from the daytime TV ads are the scum of the earth. But whilst we have a population of retards, they will always find people stupid enough to call them.

[albitz]

According to him there was no seperate figure for it.The PPI was priced into the figures for the loan from the outset,so presumably the interest figures etc. were a fiddle.It was with one of the big four btw,not some little local ripoff loan shark type outfit.
He got a cheque from them for over 8 grand which was a big shock.

[TheBoy]

According to him there was no seperate figure for it.The PPI was priced into the figures for the loan from the outset,so presumably the interest figures etc. were a fiddle.It was with one of the big four btw,not some little local ripoff loan shark type outfit.
He got a cheque from them for over 8 grand which was a big shock.

But surely anyone would check how much they were paying per period, multiplied by the number of periods to get a simple "its costing xyz for the loan" 

[feeutfo]

So the op contacted the lender who originally sold the ppi...? And they replied not eligible. Is it me, or does the op need independant advice? Not advice from the people who will have to pay the claim, and would benefit from lieing about eligibility.

Citizens advice is worse than hopeless, so do you have any form of legal advice as part of your mortgage..? There is often a free phone number supplied with the mortgage documents, and the service is quite valuable, despite what you might think these days.

I had ppi imposed on a loan agreement, as Al had. But this was over 20 years ago sadly, and I was very young a stupid back then. (yes alright, QUIET AT THE BACK)

[cam2502]

Some cases of PPI werent mentioned either verbally or anywhere in the paperwork,it was simply factored in at the start of the process.Imo thats theft.

Exactly ! She was told at the time, that basically PPI HAD to be taken with the mortgage for the mortgage to be agreed.  In my eyes that is mis-selling. Having owned her own small business for the last 9 years, employing 3 staff she has had some hard times and if she is due her OWN money back then why shouldn't she claim?
She is certainly no sponger!!