Making PPI claims on mortgage

PPI Claims on Mortgages

Making a PPI claim on a mortgage is largely dependant upon the holder being mis-sold in the first instance, the holder must be able to show that they meet one of the criteria for being mis-sold the mortgage at the point of sale.

Was I mis-sold my mortgage?

For your mortgage to be mis-sold you must meet one of the following criteria:

• You were told by the lender or bank that having the PPI policy would benefit your application
• You were not informed that PPI was optional and you did not have to accept the policy
• You were unemployed, self employed or retired at the point of sale
• You were not informed of the policy exclusions including stress and back related issues that may cause you to claim on your policy

These are the most common reasons for being able to claim back compensation on your mis-sold mortgage, their are several other issues that are less common. Give one of our staff a call and we cna discuss your claim individually.

If we jointly decide that your claim is worth pursueing we will do all the leg work for you, we will chase the bank for your compensation on your behalf. Taking all the stress out of the procedure we will simply send you the compensation when the claim is succesfull, the average customer can claim £3000, it is not unheard of for this to be over £20,000 but this largely depends on the volume and length of the policy.

Tags: claims, mortgage, mortgage ppi, ppi, pppi

Posted in mortgage ppi