PPI claim- London Scottish bank in administration, broker gone bust

[bolegs]

Good evening to all the contributors,
I came across this page accidentally and have read the posts with keen interest.
I took out a secured loan, agreement signed by me on 2nd January 2005 and by the bank on 19th January 2005
I approached London Scottish bank who have stopped trading but still collecting monies and run by Ernst &Young (administrators). They claim they are not responsible and that broker has gone bust. I pointed to them that they are still receiving monies and still benefitting from the interest accruing (loan is still in repayment) moreso i only discovered recently that the insurance q covered the first five years. Prior to this they awarded a forbearance for half of the bank charges on the account.
I contacted FSCS who said that the loan was applied for in December 2004 regardless of the date on the agreement.
The insurers are Norwich Pinnacle. Please can you send me a copy of a sample letter to the insurers. What else can i do? Please advise...

Thank you

[di30]

Re: PPI claim- London Scottish bank in administration, broker gone bust

Hi and welcome

I will forward you my letter I done myself that I sent to my underwriter/insurer and use mine to help you o the wording.

Wording is important when making the complaint to the underwriter/insurer as they will never accept any liability of the sale, but the point is there are some liabilities.

I shall pm you shortly with my letter and hope it helps you, now if this fails, then go to the CEO of the insurance business by givng them 14 days, if it still fails, you can make the complaint to the Financial ombudsman service (FOS) as they would have been regulated by the FSA where the FOS will adjudicate (take on complaints if the business were regulated by these).

Expect a pm shortly and the best of luck, please keep us posted :tinysmile_twink_t2:

[bolegs]

Re: PPI claim- London Scottish bank in administration, broker gone bust

Hi Dizzy D,
The letter is highly appreciated and thanks for sharing.
What do you think about applying the same principle to the banks whose products were sold by brokers? surely they profit from the sale. Don't they have any liability? London Scottish are still charging interest on the PPI loan

Regards