Why Mortgage Holders Are Claiming Their MPPI Back
Thousands of mortgage holders have been claiming money back off their lenders because they have found that they were mis sold mortgage payment protection or MPPI policies when they took out their mortgage. Although the High Court agreed that MPPI is a useful and beneficial product, they also recognised that many people were coerced into taking out policies that they did not need to while others ended up with inappropriate policies that would not pay out even in the eventuality that they were need. Yet more borrowers were left completely unaware that they were even paying mortgage insurance as part of their monthly premiums.
If you believe you have been mis sold MPPI in the past then you can claim it back via your lender or insurer. The process can seem like it is filled with paperwork and investigation but you can employ the services of a third party claims consultant who will be able to deal with all aspects of the claim on your behalf. This can help ensure that the claim is completed quickly and that you get every penny you are entitled to. You will need your mortgage and insurance policy documents, if you have them though.
