PPI claiming is now in the news because of the industry wide scandalous behaviour the numerous institutions selling these insurance plans.
Mortgage and banking industry concerns have been caught with their hand in the cookie jar once again. Since there has been a lot of publicity about this matter, it should be somewhat easier to extract a PPI claim from them. Google the subject and find the prepared form letter that will make the process easier for the homeowner to initiate.
If all goes well with your application you will get a refund on your Payment Protection Insurance policy plus eight percent.
That should not affect the status of your home loan, which is a separate matter from the PPI claiming.
The PPI plan really is a good idea. It provides relief to the homeowner in the event that they are for some reason unable to continue payments on their home loan; the plan will cover them and thus save their home. The problem, as noted earlier, is simply the greed and dishonesty of those charged with selling it.
Try getting a similar policy from a member of the insurance industry. That PPI claiming is now so necessary is a poor reflection (again) on the mortgage industry.
