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Claims on Payment Protection

Government and consumer advocate groups are making headway in the fight against mis sold PPI but there are still unknown numbers of policies out there that are yet to be claimed on. As a matter of fact, claims on payment protection are still being filed in record numbers based on data being released by major lenders around the UK. Much of this is due to the efforts of claims management companies like Belmont Thornton, Belmont Thornton, that are assisting consumers who have been reluctant or unsure of how to file claims.

Latest Data Released by the FSA

The FSA claims payment protection on mortgages is slowly ebbing whilst those PPI claims on credit cards and personal loans have remained fairly consistent. Abbreviated as MPPI, mortgage payment protection insurance claims on PPI have been decreasing over time. Whether this is due to better sales practices by mortgage lenders and brokers or whether there has been a decrease in the sales of homes is yet to be seen. At any rate, the FSA has commended the mortgage end of the lending industry for the reduction in claims on payment protection. Unfortunately, as mentioned above, this is the only type of payment protection claim that has levelled off.

Problems with Filing PPI Claims

Over the past six years there have been a number of changes to the laws governing payment protection and as a result, many consumers are in a quandary as to how to go about filing mis sold PPI claims. There are a number of references online in regards to PPI claims letter templates but these have since been replaced by a complaint questionnaire which was standardized by the Financial Ombudsman service and is used for claims on payment protection. Belmont Thornton utilises standard forms in their claims packets so that all the information needed to file a claim on mis sold PPI will be included when they receive the packet back along with any other information and/or documentation they may need.

The Future of PPI

Because there have been so many claims payment protection actually has a questionable future. There will probably always be some form of insurance to guard against the eventuality of losing income but payment protection insurance as we know it today may cease to exist. Lenders have been warned by the FSA that they must cease and desist from some of the ways in which they are misleading consumers and misrepresenting cover. Each year changes are made to the ways in which PPI can be sold and one of the latest changes is in regards to time restrictions. Lenders are no longer able to close on loan insurance on the same day as the loan. Borrowers must wait 14 days after closing on the loan to purchase this cover. This manoeuvre is primarily in place to stop lenders from tacking on PPI unbeknownst to borrowers.

Belmont Thornton is receiving thousands of calls on claims payment protection had been mis sold over the past six to ten years. Our professional claims management team is available to answer any questions you may have in regards to claims on payment protection and while you're on with them ask about our fast track approach. Call today on 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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