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Why Can I Claim On Home Loans?

Claims - Home Loans PPI

Homer Loans PPI Claim Man

Am I entitled to a PPI refund?

A large number of people who took out a payment protection policy when borrowing money could be entitled to a refund for the amount they were forced to pay. Since 2005, when the Office of Fair Trading first launched its investigation into the market, a number of people have been successful with a PPI claim if they felt they were not properly made aware of how much the policy would cost them and what it would cover. A number of claims have been made in recent months with institutions such as Alliance and Leicester, Royal Bank of Scotland, Lloyds TSB and MBNA Cards among those being forced to pay out.

How much can I make from a Payment Protection Refund?

Belmont Thornton provides a special PPI Claims Estimator that allows consumers who believe they may be entitled to a refund to quickly and easily acquire a rough idea of what sort of payout they could expect to receive. The actual value of your PPI claim will vary depending on the size of the loan on which it was taken, the length of the deal and the exact details of the policy you signed. Claims Estimator calculates a PPI reclaim as 20 per cent of a consumer's typical monthly repayment multiplied by the number of times they paid.

Varying PPI charges for different financial products

It is worth noting for anyone considering applying for a refund that the size of PPI claims can vary dramatically depending on the products on which they were taken. Sometimes, PPI charges on loan agreements are paid by a one-off premium included in the loan itself, which means that interest is also charged on the payment protection. Figures from the Citizens Advice Bureau (CAB) - which highlighted the various abuses being conducted by banks and loan providers selling PPI in a special report drawn up in 2005 - reveal the extent of this discrepancy.

Bank, credit card and loan refunds

Evidence collected from CAB clients in the Protection Racket report indicated that consumers were hit with wildly varying PPI charges. A selection of case studies showed PPI premiums of £2,217 on an unsecured personal loan worth £8,993 (25 per cent of the value); £744 charged on a £5,600 unsecured personal loan (13 per cent); and £5,133 (47 per cent) charged for protection on an £11,000 unsecured loan. On other products the figures do not make for any better reading. A secured loan for £25,000 came with a PPI premium of £12,127 (49 per cent), while hire purchase for a car totalling £5,059 was raised by 43 per cent through a £2,157 PPI premium.

Why you may be able to claim?

  • You Felt Pressurised To Take Out The Policy
  • You Didn't Know How Much It Really Cost
  • You Thought It Was Included In The Loan
  • You Received Sick Pay From Work
  • Your Age Meant You Wouldn't Qualify
  • Your Employment Status
  • You Had An Existing Policy
  • You Didn't Need It
  • Your Medical History
  • You Weren't Offered Advice
  • You Were About To Leave Work
  • You Worried About Being Approved
Home Loans
PPI
Car Loans
PPI
Hire Purchase
PPI
Secured Loans
PPI
Unsecured Loans
PPI
Bank
Charges
Credit Card
Charges

If you have taken out a Home Loan in the last 10 years then there is a good chance that some form of Payment Protection Insurance (PPI) was added to your loan and you could be owed thousands. Belmont Thornton specialise in claiming back your money for a PPI policy that was mis-sold with a Home Loan. To find out why you can claim your money back using our No Win, No Fee* service have a look at Why You Can Claim back PPI on Home Loans...

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Why Choose Us?

  • TickAbsolutely No Upfront Costs. No Win No Fee*
  • TickSpecialist Claims Team Always On Hand To Answer Your Questions
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Latest Fines


HFC
£1,085,000
Egg
£721,000
GE Capital Bank
£610,000
Loans.co.uk
£455,000
Land Of Leather
£210,000
Capital One bank
£175,000
GK Group
£51,100

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.justice.gov.uk/claims-regulation number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office and registered office is at Suite 2, Unit 25, The Coda Centre, Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023 and holds a Credit Consumer License issued by the Office of Fair Trading license number 634655.

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.

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