Belmont Thornton Logo
Claim Back Loan Insurance

Banks PPI

Payment protection insurance (PPI) policies are some of the most overlooked aspects of loan repayments, often taking the form of hidden surcharges that are masked by other more vague names, such as loan insurance, or loan protection insurance. Ultimately, these terms are just interchangeable phrases used to describe one type of insurance policy - the banks PPI. Many financial institutions work as affiliates for insurance companies by receiving paid commissions for each borrower that they enroll for a PPI policy. In the past many people were sold these policies without being given full explanations of the terms, conditions and costs. Of course, after the borrower has already made several payments towards the banks PPI policy, there is little that can be done to the insurance company. However, following  high profile investigation you may now be entitled to make a payment protection claim for mis-selling.

Reclaiming PPI Payments from Banks

For help with reclaiming the amount of money spent on the banks PPI policy each month, you can consult with a PPI claims specialist and provide a small amount of basic information. First, you'll need the lender/bank name, basic details about the type and amount of the attached loan, reasons why you believe you were mis-sold a PPI policy, and any proof you may have that shows you were an eligible for PPI at the time of mis-selling. If you were over the age of 65, had pre-existing medical conditions, or already had payment protection insurance through different insurance provider, you were automatically ineligible for your banks PPI policy, and the lender that mis-sold you the policy is fully responsible for returning all of the payments you made towards the banks PPI scandal.

How Common Are PPI Reclaims?

Surprisingly, during the past five years nearly 2,000,000 unhappy consumers have filed claims against their lenders for mis-selling them a PPI policy that was either unnecessary or completely unannounced. 

Contacting the PPI Claims Company

To reverse the charges caused by your banks PPI policy is to contact a PPI claims company. These companies specialize in laws related to mis-sold insurance policies. Ultimately, PPI reclaims are becoming some of the most popular claims in the United Kingdom, and as the FSA (Financial Services Authority) push for stricter sales controls, the amount of successful PPI reclaims looks set to continue to rise.


Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Why Choose Us?

  • TickAbsolutely No Upfront Costs. No Win No Fee*
  • TickSpecialist Claims Team Always On Hand To Answer Your Questions
  • TickQuick, Easy And Simple Process
  • TickU.K. Based Call Center
  • TickGuaranteed To Start Your Claim In 24 Hours

Loan claim: Building societies warn of house price bubble

The Building Societies Association (BSA) is the latest to warn about the potential house price bubble that could arise f...

Bank claim: Lloyds raised concerns on Co-op finances

Lloyds Banking Group was aware that the financial position of the Co-Operative bank was unstable, said Lloyds chief exec...

Loan claim: first time buyers locked out for a decade

First time buyers will have to save up their deposit on a house for more than ten years, according to research from the ...

Bank charges: Commission tackles issue of RBS

The weak position of the Royal Bank of Scotland (RBS) is damaging to the UK economy, according to the Parliamentary Comm...

Bank charges: Report says customers and taxpayers were failed

Customers and taxpayers have been failed by the financial sector, according to the final report from the Parliamentary C...

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide