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Mortgage Claims

Some of the most difficult mis sold payment protection insurance claims to deal with in terms of cost to the consumer are mortgage claims. Not only are payment protection insurance policies themselves amongst the most expensive when sold alongside mortgages, but the hardships those extra costs can cause are downright heart wrenching. Lenders should be ashamed of themselves for forcing hard working UK consumers to pay for something they can't afford, don't want, don't need and most often couldn't even use if they wanted to. Belmont Thornton can't do anything about the lack of human compassion or business ethics, but we can try to help you recover bank charges by filing mortgage claims with your lender.

Understanding the Gravity of Mortgage Claims

Payment protection insurance is assessed as a onetime premium on mortgage loans and the sad part about that is in the fact that premiums can range from 13% the amount of the mortgage all the way up to 56% or more in some cases. A mortgage loan for £120,000 could end up costing £180,000 if the PPI was rated at 50%. That is a sizeable difference in the amount of money the homeowner would need to pay each and every month and oftentimes that is just enough to put him/her on the brink of ruin. However, it gets even worse when mortgage claims on mis sold PPI are the result of a lender adding this cover to a loan unbeknownst to the borrower. When payments are half again what the borrower had counted on, that is enough to put anyone over the edge financially.

What Can Be Done About Mis Sold PPI on Mortgages?

So many consumers simply want to stop paying the loan mis sold PPI is attached to but the problem with that is that onetime premiums are added to the loan amount. If you just stopped paying, you would be in default which very well could mean your home would be foreclosed on. About the only thing you could do in a case like this would be to file mortgage claims with the lender in order to seek a refund of any money you have paid into mis sold PPI. Then, if the lender denied your claim you could take it through appeals with the Financial Ombudsman Service.

Reclaiming PPI on mortgage claims is vitally important if that insurance places you in financial distress. Although the government has mandated that lenders review all loans for instances of PPI and then a further investigation for mis sold PPI, those reviews may be slow in coming. We have found that by filing mortgage claims on mis sold PPI we help our clients by speeding up the process. The point is, government didn't tell lenders they have 8 weeks to find all PPI policies they sold on mortgages but government did tell lenders they have to review claims within that timeframe. Let our skilled PPI Claim Company team get to work on your mis sold PPI claim so that you can have an answer on your terms, not theirs.


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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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