Belmont Thornton Logo
Claim Back Loan Insurance

Best Payment Protection Claims

Filing a PPI claim against your lender for mis sold PPI is never fun but sometimes they can be made easier if you have everything in order. For many people the best payment protection claims are the ones filed by professionals. Whether you are filing on your own or using a PPI claim company, you would do well to follow some basic guidelines.

Proving Mis Sold PPI

There are certain rules which government has established when selling payment protection insurance. If any one of these rules is broken when selling PPI, the policyholder/borrower has the right to file a mis sold payment protection claim against the person who sold the cover and it this instance it would most likely be the lender. Although there are a lot of ways in which this cover can be mis sold, they can be summed up as follows:

  • Did you know you were being sold cover or was it placed on your loan without your knowledge?
  • Can you qualify to draw cover; are you in any of the exclusions?
  • Were you told you had to buy PPI in order to qualify for the loan?
  • Was the policy explained/disclosed in terms of cover and price?
  • Did the loan doc have a tick off box to opt out of this cover?

Any of the reasons why PPI can be mis sold will usually fall into one of those very broad categories. If you could answer yes to any one of them then you were mis sold PPI. The best payment protection claims will detail specifically how the borrower/policyholder was mis sold payment insurance.

Filing the Best Payment Protection Claims

After you are able to detail how you were mis sold payment protection insurance you are ready to file your claim. Information you will need before you can do this would be a copy of your original loan documents and calculations regarding how much claim back you expect. There are online calculators which can be of invaluable assistance when making your calculations because they are small software programs set up with fillable fields. You simply need to plug in the info that is asked of you and a pretty good idea of what that lender may owe you will come up on screen. One thing to be sure of is that you have all supporting documents together when filing your claim but it is not suggested that you submit your original loan docs to the lender as they have a copy of them. (You wouldn't want them to get lost along the way as you will definitely need the originals if you need to file an appeal with the Financial Ombudsman Service.


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