Archive for May, 2011
Why You Should Claim Back Your MPPI
Claiming back mortgage payment protection insurance or MPPI can provide you with a cash lump sum and it can reduce your monthly mortgage payments or your monthly outgoings. It also means that you can claim back money for an insurance policy that you either were not made aware of or was inappropriate for your personal circumstances.
The main reason that most people choose to reclaim mortgage insurance payments is that it is money they are owed for a policy that they did not want or need. The question really should be why wouldn’t you want to claim the money back? Why leave it with a mortgage lender when you could have the money put back in your account for you.
This also means that you can claim back the money you have paid in mortgage PPI or MPPI. The money can be put in your bank or paid by cheque and it could total £10,000 or more. In some instances, people have claimed back as much as nearly £40,000. The figure you receive will depend on how much you have paid for MPPI and for how long you have been paying it but it will typically amount to a significant amount