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**di30** · 18 August 2011, 19:11

Re: Hamilton

Paul I will try again.

**di30** · 18 August 2011, 19:20

Re: Hamilton

Paul, I have sent you a Pm with details, cheers.

**Paul.** · 20 August 2011, 08:25

Re: Hamilton

Ok,

Some questions

Thanks DI that helped a bit but id like to get some more info

I assume there was PPI on this loan?

I assume the contention is it was missold?

If i am right then can you let me know what grounds it was missold on please?

Also can you let me have the figures as they appear on the agreement and also can you tell me if it is secured or unsecured?

There are different rules for regulated secured loans than for unsec

Once i have this info ill check the agreement

also can you tell me the date of the agreement

**di30** · 20 August 2011, 10:19

Re: Hamilton

Originally posted by Paul. View Post

Ok,
Cheers Paul
Some questions

Thanks DI that helped a bit but id like to get some more info
Not a problem

I assume there was PPI on this loan?
Yes,

I assume the contention is it was missold?
Yes and the way it was sold to us but PPI is the main issue

If i am right then can you let me know what grounds it was missold on please?
It was not added on the Application made by the broker Click Finance, I have a copy of this if you need me to send it to you, the Application orginally was for £21K over 240 months, but the loan agreement/Endeavour it has both loan and PPI was added on there, term 300 months, it covered just the first applicant only, so my hubby and not me, but I was still left responsible for the whole loan including PPI yet it would not cover me, as the broker/introducer did not mention the ppi or it wasn't applied to the application form, it seems it was added later on in the process so then we assumed it was all part of the package of the loan, and my husband has pre med conditions of a back condition, infact the loan was just sold to us when hubby returned to work from being off sick because of this problem, there are notes here by the underwriter as well so they know about that.

Also can you let me have the figures as they appear on the agreement and also can you tell me if it is secured or unsecured?
Loan £21K and PPI £2835

There are different rules for regulated secured loans than for unsec

Once i have this info ill check the agreement

also can you tell me the date of the agreement

Cheers Paul, the date of our signed agreement was 30 July 2004.

**Paul.** · 20 August 2011, 10:27

Re: Hamilton

Originally posted by di30 View Post

Cheers Paul, the date of our signed agreement was 30 July 2004.

Sorry Di

I was having a "Stoooooooooopid" moment there, cos i replied thinking this was someone elses thread, no idea why, right, excuse me for being a dumbass

yeah i have the bloody agreement dont i, oh boy, how stupid do i feel

ill crawl back to my corner and read things properly lol

i feel a right

now lol

**di30** · 20 August 2011, 10:38

Re: Hamilton

Originally posted by Paul. View Post

Sorry Di

I was having a "Stoooooooooopid" moment there, cos i replied thinking this was someone elses thread, no idea why, right, excuse me for being a dumbass

yeah i have the bloody agreement dont i, oh boy, how stupid do i feel

ill crawl back to my corner and read things properly lol

i feel a right

now lol

lol, well no need Paul, it's still morning so no worries

**Paul.** · 20 August 2011, 10:59

Re: Hamilton

So to get this straight,

(oh btw the copy agreement you sent i cant read the words on it)

you went to a broker to arrange the loan.

You never asked for PPI at all.

The first time you saw the PPI was when you were sent the agreement?

did you pay the broker an arrangement fee to go find you the best loan for you? or did you ask them to go specifically to this lender and arrange the deal?

i would also need to see the terms and conditions overleaf and any PPI terms supplied.

**di30** · 20 August 2011, 11:33

Re: Hamilton

Originally posted by Paul. View Post

So to get this straight,

(oh btw the copy agreement you sent i cant read the words on it)

you went to a broker to arrange the loan.

You never asked for PPI at all.

The first time you saw the PPI was when you were sent the agreement?

did you pay the broker an arrangement fee to go find you the best loan for you? or did you ask them to go specifically to this lender and arrange the deal?

i would also need to see the terms and conditions overleaf and any PPI terms supplied.

It's rather small and some parts are unreadable.

It's a strange one really, it was our very first secured loan, so i lacked knowledge then on how this actually worked.

There is a lender agreement that was signed on 7 July 2004 (Endeavour personal finance) before the Broker application taken place afterwards where we signed the loan application on the 16 July 2004.
Our signed agreement was dated 30 July 2004.

We cannot recall on this and do not even remember the insurance matter being raised with the broker during the application, and that is correct in regards of the PPI it was on the Endeavour lender Agreement (that's when we assumed it was just part of the package, with lack of knowledge of these loans then) and the terms were different to that of the application form, which makes us think now if they extended it to 300 months with ppi so we would have been paying the same as if it were 240 months without the ppi).

We understand through research that the lenders Endeavour had an agency agreement with these, so Click Finance the brokers were Introducers, Introducers would therefore do the work and not give advice to the customer/applicant and they would do all the instructing for the lender, so on completion fees would be paid from the lender to the broker.

I did post up the T&C's on one of the above posts, but do have a separate policy in regards of the insurance, with the logo Endeavour and the insurer/underwriter those of Hamilton Insurers details enclosed.

So we are wondering if in this case the lender made arrangements with the insurer and the broker had no involvment in this part of it, the problem we have here though the broker/introducer dissolved in 2006.
Let me know if you want me to post up the PPI policy details booklet, I shall do so at some point today, cheers.

Sorry, I know this seems a complicated case.

**di30** · 20 August 2011, 12:28

Re: Hamilton

Paul, I will get round to posting up the t&c's this afternoon.

**Never-In-Doubt** · 20 August 2011, 13:01

Re: Hamilton

Originally posted by di30 View Post

Paul, I will get round to posting up the t&c's this afternoon.

If you can email me it then i'll zoom it all in via PS unless they're too small to start in which case you can adjust the scanner dpi to get it to zoom in.....

**di30** · 20 August 2011, 13:10

Re: Hamilton

Originally posted by Never-In-Doubt View Post

If you can email me it then i'll zoom it all in via PS unless they're too small to start in which case you can adjust the scanner dpi to get it to zoom in.....

Ok Will give it a go this afternoon, as soon as my visitors have been and gone, cheers Nids