Belmont Thornton Logo
Claim Back Loan Insurance

Claims on PPI

In an effort to curb the influx of mis sold payment protection policies in the UK, new legislation makes it mandatory to have a 14 day 'wait period' before consumers can purchase PPI on new loans. Although the British Bankers Association proclaims this a travesty for consumers who will 'miss out' on important cover, citizens advocate groups are proclaiming this a victory in their efforts to curb claims on PPI abuse. At any rate, it merely takes looking at the statistics to make up one's own mind regarding whether or not this legislation was needed.

The Cost of Payment Protection Insurance in the UK

Perhaps the number one reason why there are so many claims on PPI for a refund is the high cost of cover. Statistics show that policies cost anywhere from 13% of the amount being borrowed to more than 60% in some extreme cases. The high cost of PPI makes the cover prohibitive to a great number of UK consumers and if the BBA is correct in their assessment that millions will lose out on cover then perhaps something should also be done about the cost of cover as well!

Claims on PPI Cover Being Denied

However, many people are finding statements released by members of the BBA to be ludicrous in that this particular cover, as it stands, is virtually nonexistent. Most policies have so many exclusions written (in the small print of course) that the average consumer doesn't stand a prayer of drawing benefits from PPI cover. Such things as back injuries, pre-existing medical conditions, mental stress and even receiving sick pay disqualify policyholders from claiming benefits when out of work under those conditions. Thousands of claims on PPI cover are being summarily denied because of those exclusions which should have been disclosed at the time the cover was sold. Failure to disclose pertinent facts is one of the main reasons why claims are being awarded for mis sold PPI.

Getting Help with Claims on PPI Mis Sale

Record numbers of mis sold PPI claims are flooding lenders around the UK which is one of the reasons why government enacted new sales legislation. Nonetheless, those changes cannot stem the tide of claims that are currently pouring in. Although lenders have a time limit to comply with in reviewing those claims, it only takes the slightest error or lack of documentation to have those claims in the post back to the claimant marked as inadequate or incomplete. Getting help with claims on PPI mis sale is of utmost concern to growing numbers of policyholders looking to cancel their cover and get a refund on monies paid in.

Belmont Thornton, Ltd., Belmont Thornton, has been helping tens of thousands of UK consumers file for and successfully win back mis sold PPI. Help is just a phone call away and a professional claims specialist will be available to answer any questions you may have regarding filing a claim back of mis sold PPI. We work on a no win no fee basis which should reassure you that we are here to help you take back what is rightfully yours. Get on the fast track to claiming back PPI - call 0207 471 2000 today.

Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
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 number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, 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