Good Evening,
I wonder if someone can help me. I had payment protection insurance with my mortgage, both provided by Lloyds Bank - something which I wanted, have used and which was not mis-sold. When I paid off my mortgage (early) about 8 years ago, I contacted Lloyds to discuss my PPI. I was informed that whilst I could cancel my PPI, it would still be valid despite not having a mortgage and would provide me with an amount of money (equivalent to my previous mortgage payments) in the event that I was ill. Several years after I cancelled my mortgage, during a period of illness, I made a claim to the PPI company and was paid out £400.
I have recently had a letter from the PPI company to inform me that the PPI insurance is not valid, and has never been since the cancellation of my mortgage 8 years. I have been paying about £35/month (I estimate about £3200 in total) since the cancellation of my mortgage and have received £400 in benefit for the insurance. If the policy was not valid at any point since the cancellation of the mortgage, might I be able to claim that I was misled by the insurance company in continuing the policy and that the payment was paid out to me in error, and attempt to claim back the balance if what is owed?
Thanks in advance for any advice and any guidance to the appropriate wording would be much appreciated.
Astraldream
I wonder if someone can help me. I had payment protection insurance with my mortgage, both provided by Lloyds Bank - something which I wanted, have used and which was not mis-sold. When I paid off my mortgage (early) about 8 years ago, I contacted Lloyds to discuss my PPI. I was informed that whilst I could cancel my PPI, it would still be valid despite not having a mortgage and would provide me with an amount of money (equivalent to my previous mortgage payments) in the event that I was ill. Several years after I cancelled my mortgage, during a period of illness, I made a claim to the PPI company and was paid out £400.
I have recently had a letter from the PPI company to inform me that the PPI insurance is not valid, and has never been since the cancellation of my mortgage 8 years. I have been paying about £35/month (I estimate about £3200 in total) since the cancellation of my mortgage and have received £400 in benefit for the insurance. If the policy was not valid at any point since the cancellation of the mortgage, might I be able to claim that I was misled by the insurance company in continuing the policy and that the payment was paid out to me in error, and attempt to claim back the balance if what is owed?
Thanks in advance for any advice and any guidance to the appropriate wording would be much appreciated.
Astraldream
Comment