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Claim Back Loan Insurance

Claim Back PPI Charges

For far too long lenders have been taking advantage of UK consumers by mis selling an insurance product that costs way too much for the few benefits it provides. But even that is not the worst of the problem. The real concern is that they are literally forcing a cover on loans often without the knowledge of the borrower. In order to claim back PPI charges you'd need to know that you are paying for it! Perhaps they underestimated the intelligence of the average consumer in the UK, but for whatever reason, lenders across the board were using underhanded sales tactics to bilk money out of their clients/customers.

Understanding Payment Protection Insurance

Payment protection insurance was intended to provide a specific type of benefit that would make loan payments if the borrower lost a job or became too ill to work for a specified period of time. It is a good concept and one which could have worked well if it had been designed a little better. There are so many exclusions in the average policy that very few people ever get to draw on the cover. For example, those who are self employed or temporary employees are not eligible for PPI. Unfortunately, lenders continue to sell PPI to people in these two groups. After discovering that they are not eligible for cover many people file to claim back PPI charges. Others who fit in this group of excluded individuals are those over the age of sixty-five and full time students. You will find that lenders make no qualms about mis selling PPI to individuals who don't qualify for the insurance but are reluctant to return bank charges when a claim is filed.

Can I Claim Back PPI Charges?

Many consumers, having heard all the controversy surrounding PPI, want to know if they can claim back PPI charges. The answer to that depends on whether or not they have been mis sold PPI. If you have not been mis sold payment protection insurance then there is no way a lender would entertain the idea of refunding your money. When reclaiming PPI you need to have been the victim of mis selling and then there is a claims process you need to go through. So then, the short answer is yes you can claim back PPI charges but the long answer is you can only claim back PPI charges if you have been mis sold cover and can prove it. This is the point when you will most often need an advocate such as Belmont Thornton that will be able to help authenticate mis sold PPI and will be there filing the claim, negotiating with the lender and filing an appeal if it should become necessary.

Belmont Thornton, Belmont Thornton, is registered with the Ministry of Justice, the Information Commissioner's Office and the Office of Fair Trading. You can be sure that you will be representing your claim against the lender by a company with a strong track record of success. To speak with a claims specialist regarding your claim contact Belmont Thornton at 0207 471 2000.


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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.

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* 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.

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