Belmont Thornton Logo
Claim Back Loan Insurance

Loan Insurance Reclaim

It is bad enough realising you have been mis sold payment protection insurance without also having to worry about going through the loan insurance reclaim process with your lender. Even though the lender knows that they mis sold PPI or misrepresented it in some way, they are not likely to issue a PPI refund as readily as they should. Keep in mind that the FSA has ordered lenders to review PPI claims timely and to issue a refund if it is warranted. Unfortunately, the 'system' isn't working quite like it should which means that many consumers are waiting longer than the 8 weeks it is supposed to take to review a claim.

The Process Starts With a Simple Phone Consult

Actually, the whole loan insurance reclaim process can be difficult to understand if you are not well versed in PPI rules and regulations, but with the help of trained professional claims specialists that process can be simplified for you. After a brief phone consult with the claims team you will then receive a claim pack in the post that will need to be filled out and returned as quickly as possible. It should contain all the information a claims company such as Belmont Thornton will need to file on your behalf.

Be Prepared to Have Your Claim Denied

So many people ask if they can file a loan insurance reclaim on their own without the help of a claims management company and in actuality they probably could. However, the problem is usually that the lender will sit on the claim an inordinately long period of time before finally getting around to denying it. If you believe that lenders will willingly admit to mis selling PPI to you then perhaps you haven't been following the news. In fact, until quite recently the British Bankers Association admitted that they were advising banks to hold claims pending the outcome of an appeal they filed.

More Workers Being Added to Speed Up the Process

The good news is that they lost the appeal but the bad news is they are not backed up on processing claims that had piled up during that period. Now they have announced that they will be hiring up to 6000 workers to help process the loan insurance claim files which have collected. Perhaps this is one of the greatest reasons why it would be best to have the services of a professional claims team working on your behalf to file for PPI refunds. They have the responsibility to stay on top of the lender until your loan insurance reclaim is reviewed and a decision is reached.

Furthermore, if the lender denies your claim, the team at Belmont Thornton will take it through the appeals process for you. The only thing you need to do is be available should your claims team need any further information or documentation to pass on to the Financial Ombudsman Service. Once you have placed your loan insurance reclaim in the hands of a pro it is like lifting a huge weight from your shoulders. The team is always available to answer any questions you might have and they will willingly explain where it stands along the way. To begin filing your loan insurance reclaim today, call the team on 0207 471 2000.

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