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Claim Back Loan Insurance

Loan Protection Charges

Many consumers that have been mis-sold a payment protection insurance (PPI) policy feel that they have no way to receive repayment assistance now that they've been denied benefits from a policy that was supposed to provide protection. As of 2008 there were approximately 20,000,000 PPI policies in the United Kingdom, and during 2009 and 2010 approximately 7,000,000 policies were purchased each year. With so many policies being sold, it would seem as if PPI is a valuable and necessary insurance product. However, the truth is the contrary as the Financial Ombudsman Service (FOS) honored 95% of complaints issued by individuals attempting to claim back PPI payments from dishonest lenders. In other words, only 5% of PPI policies were found to be sold to individuals that were adequately informed of the policy terms and conditions, or actually eligible for coverage.

The Benefits of Reclaiming Loan Protection Charges with the Help of Belmont Thornton

Belmont Thornton has a track record of successfully filing thousands of claims on behalf of UK consumers who were mis sold PPI. Rather than spending countless hours researching the process of claiming back bank charges caused by PPI payments, consider the benefits of having a PPI professional handle your case and provide all the necessary guidance with minimal effort on your behalf. In addition, you won't be required to pay a fee at all unless you're able to claim back PPI successfully. Finally, not only will you claim back the original cost of the PPI policy premium, you'll also receive a refund for the additional interest caused by increased monthly repayments.

Why Are so Many People Reclaiming Loan Protection Charges?

In addition, the claims ratio (the amount paid out by insurance companies in comparison to the amount earned in premiums) for PPI policies is only 20%. For every £1 on a PPI premium, payment protection insurance companies pay out only £0.20! Given the influx of honored PPI refunds during the last 6 years as a result of additional attention by multiple financial authorities, you're more likely to succeed in recovering PPI payments from the creditor, than in successfully filing a claim against the mis-sold PPI policy. As the general public becomes more aware of PPI mis-selling, and the amount of PPI reclaims increases exponentially each year, it is likely that between 100,000 and 200,000 UK residents will be filing for PPI reclaims annually between 2012 and 2015.

How Long Will I Have To Wait to Reclaim Loan Protection Charges?

The initial consultation process typically takes less than 1 day, and can be conducted online or over the phone quickly and easily. The entire process of filing a PPI claim may take anywhere from 2-8 weeks depending on the lender's desire to comply and the amount of time it takes for your claims pack to arrive in the post. You can help expedite the claims process by providing as much information as possible about the loan terms and conditions, and how the PPI policy was sold.


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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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