Belmont Thornton Logo
Claim Back Loan Insurance

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.

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