Belmont Thornton Logo
Claim Back Loan Insurance

Mis Sold Loan Payment Protection

Mis sold loan payment protection is very big news at the moment as increasing numbers of consumers in the UK are filing claims for refunds. It has come to light largely due to the efforts of the Citizens Advice Bureau that literally thousands of people have been mis sold loan payment protection insurance.

All Can Be Sold - Few Can Claim

Availability isn't really what it appears to be since anyone can be mis sold loan payment protection but not everyone can file a claim against the cover. There are so many conditions and exclusions attached to this type of insurance policy that less than 13% of all people holding payment protection insurance will ever be able to file a claim. Mis sold loan protection has been going on for more than a decade as a result millions of UK consumers are eligible for a loan insurance refund.

So Many Exclusions - So Few Covers

Many consumers were told that they would be able to take advantage of the benefits and loan payments would be made if they could not make payments due to loss of work or illness. In the broad sense this is true but in reality there are so many exclusions attached to the cover that many common illnesses or reasons for being out of work were not actually covered.

Specific Exclusions - A Case in Point

Mis sold loan protection insurance was promised to consumers who had pre-existing medical conditions and when they tried to make the claim were denied because of that pre-existing condition. Seniors over the age of 65, temporary employees, those who are self-employed and even individuals who were unemployed at the time of taking out a loan were mis sold loan protection. These are all exclusions and blatant examples of just how loan insurance loan protection insurance was mis sold.

Always Keep Your Original Documents

With all the bad press being given to mis sold loan payment protection consumers in the UK have become aware of the fact that they are entitled to a refund if it can be proven that they were indeed mis sold loan protection. It is necessary to have a copy of the original loan documents in most cases in order to prove your case. Whilst the lender is only required by law to keep their hard copy of documents at least six years, consumers can hang onto their original documents as long as they desire.

If you are not clear on how to go about filing a claim against mis sold loan payment protection insurance you should talk to the claims team at Belmont Thornton by calling 0207 471 2000. A claims handler will be able to discuss with you your options for filing a claim against the lender. For those who file through the services of Belmont Thornton there will be no fee unless your claim is won. With a no win no fee* policy and a huge success rate you can be confident that this team will work diligently on your behalf.


Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
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 www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit 16, Elysium Gate, 126 New Kings Road, London, SW6 4LZ 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