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Mortgage Payment Protection Sold

Anyone who has taken out a home loan within the past six to ten years has probably had mortgage payment protection sold to them. If not sold, the lender probably pitched a strong case for purchasing it in case there was ever a need to draw on the benefits due to lost wages. What lenders weren't telling those unsuspecting borrowers is that very few claims against PPI cover are ever honoured due to conditions and exclusions listed in the small print of the policy. If you have had mortgage payment protection sold to you then the following information may prove to be helpful in claiming back bank charges.

Is Mortgage Payment Protection for Real?

Since there are so many people complaining about mortgage payment protection it gives cause to wonder if it is for real. Whilst the premise behind payment protection insurance is noble, in practice the cover provides few benefits in relation to the high cost of a policy. If you have had mortgage payment protection sold to you then you are probably well aware of the fact that it can cost anywhere from 13% of what you are borrowing up to 56% percent of the loan amount. In fact, some people have even paid more than 60% for loan protection. Is it any wonder why someone would try to claim back PPI when they just paid almost two-thirds of what they are borrowing for payment protection? Those who have had mortgage payment protection sold to them would tell you it is well worth the time and effort to claim that money back, if they can get it!

Help Is On the Way

One of the problems that are common to many people trying to claim back mis sold mortgage payment protection is in formatting a claim that is acceptable to the lender. There are, of course, letter templates and forms available for download on the web but those don't seem to be sufficient to get the point across to the lender that you mean business. You have had expensive and relatively worthless mortgage payment protection sold to you and you simply want your money back. End of story! However, those high street banks and mortgage lenders come backed by some mighty powerful solicitors which is why you need to pull out the big guns. If you want, you could pay a hefty deposit to have a solicitor work on your behalf or you could use a no win no fee* claims management company like Belmont Thornton, Belmont Thornton.

Our specialist claims team has successfully filed thousands and thousands of claims for UK consumers who have been mis sold PPI of every kind imaginable. From those who purchased credit card insurance to those who had mortgage payment protection sold to them, we have filed and won claims yielding returns in the thousands of pounds. If you feel that you have been mis sold PPI and are ready to file a claim backed by the premier claims management company in the UK, call Belmont Thornton team on 0207 471 2000 today so that you can be on the fast track to filing as early as tomorrow.

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