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Mid sold ppi on a mortgage

2 replies

Alfiemoon1 · 03/04/2018 10:35

We were miss sold ppi on our mortgage years ago so I am looking at claiming it back. We were told by the broker we had to take out this plan which was a lump sum added to the mortgage. My question is who Do I submit my claim to the mortgage company? The broker company which has now gone bust or the company that the ppi was with ?

OP posts:
IsDaveThere · 03/04/2018 12:32

As you are claiming for miss-selling, you have to claim from whoever actually sold it to you so if the broker company no longer exists, there is no-one to claim from.

FreckledLeopard · 03/04/2018 13:38

That's not necessarily the case. Often where a broker has gone bust there may still be a parent company in existence which will have taken on the liability of its subsidiary. Have a google and see what you can find out - many IFA networks have gone bust but have active parent companies.

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