Belmont Thornton Logo
Claim Back Loan Insurance

Loan Protection Solicitor

During 2008 only 10,000 PPI complaints were brought before the Financial Ombudsman Service (FOS), yet only one year later that statistic rose to close to 31,000 claims being filed against unscrupulous loan protection solicitors that were found to be responsible for mis-selling payment protection insurance policies. This year, at least sixty to seventy thousand UK citizens will succeed in claiming back PPI on financial products. During the past two years alone more than 14 million PPI policies have been taken out, resulting in several billion pounds in premiums for insurance companies.

Are the Services of a Loan Protection Solicitor Necessary?

Unless you are in need of extensive legal counsel, contracting the assistance of a PPI solicitor may not be the most affordable or ideal solution. In fact, PPI solicitors can be somewhat costly. In 2006 several financial authorities conducted thorough investigations and studies into the mis-selling of PPI policies. Nearly 60% of the events assessed by the FOS in 2010 pertained to PPI policies attached to loans, with the remaining forty percent were associated with home loans and credit cards. Even though payment protection insurance policies could possibly make up approximately 13 to 56 percent of the original amount borrowed, fewer than 15% of clients receive repayment assistance, and are instead forced to claim back PPI. Filing through a solicitor who requires an upfront retainer/deposit could result in significant financial hardships on a consumer who is already out much money spent on mis sold PPI.

What Your Loan Protection Solicitor Didn't Tell You

Although loan protection solicitors will attempt to portray professionalism by making vague promises and charging exuberant hourly fees, many of them fail to educate clients about basic facts related to PPI. There are currently an estimated 30+ million PPI policies active within the United Kingdom alone, with approximately 40% of them being attached to credit cards or mortgage loans. Although loan protection solicitors may charge borrowers as much as 15 to 50% of the total loan amount for a PPI policy, more than 85% of policyholders are denied repayment assistance in times of need. In addition, studies have shown that more than a third of policyholders are not even aware that they have the policy, and more than 90% of individuals that are aware of the policy purchased coverage based on misleading information provided by their broker, lender, financial institution, or credit card company.

Loan Protection Solicitor vs. Belmont Thornton

Starting the process of claiming back bank charges related to PPI is as basic as completing a claim pack and taking part in a free consultation with a PPI professional. Unlike most loan solicitors, Belmont Thornton will represent you on a no win no fee* basis and will require no upfront retainer before going to work for you. As well, we seek to educate our clients so that they don't fall prey to the same underhanded sales tactics year after year. A solicitor may or may not give you the ammunition you need to ward off future attacks form a less than ethical lending industry. If you have a mis sold PPI claim to file, contact the claims team on 0207 471 2000 and get in on the fast track to filing mis sold PPI.

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