Belmont Thornton Logo
Claim Back Loan Insurance

How to Recover PPI

Amidst growing concern that lenders are still mis selling payment protection insurance, increasing numbers of UK consumers are looking at how to recover PPI. Each and every day the news is highlighting a story of how lenders are selling payment insurance to borrowers that either don't want the cover, don't need it, can't afford it, are not eligible for it and sometimes don't even know they are buying it. Whilst all of those are reason enough for concern, it is unconscionable to think that a lender would actually tack on another expense without the borrower's consent. It is no wonder that so many in the UK are interested in how to recover PPI payments they shouldn't have been making.

Statistics Are Grim

If you look at the history of PPI claims over the past six years you will see that statistics are grim indeed. According to the Financial Ombudsman Service, FOS, there were only 833 complaints registered with them in 2005 whereas there were an amazing 49,196 complaints logged in 2010 and some estimates conclude that this amount may more than double in 2011. In fact, it is reported that the FOS receives thousands of complaints weekly, most of which are in terms of mis selling by lenders and other financial institutions. Greater numbers of people are now asking how to recover PPI, and with grim statistics like these there is no question why.

What Is Government Doing About Mis Sold PPI?

Although there have been significant changes to the ways in which payment protection insurance is sold as well as in regards to how lenders are to handle claims, government is constantly monitoring the industry and revising rules and regulations. In fact, the Financial Services Authority, FSA, is set to release new data and recommendations in mid June of 2011. Anyone affected by mis sold loan insurance as well as those in the PPI reclaim industry are awaiting these newest findings. There may or may not be suggestions that will affect how to recover PPI but there will certainly be changes to the ways in which lenders can sell payment protection.

What You Can Do to Recover Mis Sold PPI

Since it is recognised that mis sold loan protection is an ongoing problem there are ways you can go about finding out how to recover PPI. The best suggestion would be to contact a claims management company such as Belmont Thornton, Belmont Thornton to handle your claim/complaint to the lender. It has been discovered that certain lenders have not been reviewing claims timely and as a result there is a backlog of claims waiting for their attention. By letting the claims team represent you, there will be someone in constant contact in order to make sure you claim doesn't get lost in the shuffle. If you are asking how to recover PPI, then you may certainly benefit from getting a pro on your side.

Belmont Thornton, Belmont Thornton is registered with the Ministry of Justice as well as with the Information Commissioner's Office. We hold a Credit Consumer Licence issued by the Office of Fair Trading and only work on a no win no fee* contingency. Let our claims team act on your behalf to claim back what is rightfully yours.

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 Financial Conduct Authority in respect of regulated claims management activities; FRN:838450

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