Halifax secured loans

[richiewills68]

Hi
I have 2 secured {Homeowner loans} with the Halifax, on these loans I pay what they call a personal loans repayment cover, 1 is for £9.00 pm and the other is £11.20 pm.
Could you please tell me if this is the same as PPI and if I am able to claim it back, if so, are there any template letters on here which I could use to my advantage.
Thanks

[Paul210]

Re: Halifax secured loans

Hi
I have 2 secured {Homeowner loans} with the Halifax, on these loans I pay what they call a personal loans repayment cover, 1 is for £9.00 pm and the other is £11.20 pm.
Could you please tell me if this is the same as PPI and if I am able to claim it back, if so, are there any template letters on here which I could use to my advantage.
Thanks

are these payments included within your loan or as i suspect do they go out as a separate direct debit??? it sounds from your post that they do, if so you have whats known as a regular premium insurance rather than a single premium.

It is technically still possible to lodge a complaint for misselling but this is totally different to a complaint regarding a sinlge premium product so be very careful if using templated letters such as those you find on websites/forums.

You are best trying to seek out someone who has complained specifically about regular premium insurance and seek advice from them.

[richiewills68]

Re: Halifax secured loans

Thanks for the reply.
No the payments are included in the total monthly payment for each loan

[Paul210]

Re: Halifax secured loans

if included in the loan then its a lot simpler, is a standard ppi claim and can modify the templated letters that are readily available. Should be farily strightforward.