Homeowners with payment protection insurance on their mortgages who have lost their jobs as a result of the recession are facing dramatic rises in the cost of their PPI cover.According to the Financial Times, a number of mortgage payment protection companies - including Cardif Pinnacle, Assurant and Paymentshield - have increased their premiums, often by more than 70 per cent since January.Steep rises have come about as a result of more people making claims on their insurance in 2009 after being unable to find work.However, the rise comes just six months after the Financial Services Authority forced insurers to pay millions of pounds worth of PPI refunds for providing inadequate, over-priced mortgage insurance cover.The FT notes that some of the insurers are increasing the amount of time that must have passed with a person out of work before they can make a claim from 30 days to 60 days, and also notes those with health problems could find it harder to obtain cover.Among the most recent fines imposed upon insurers found by the FSA to be mis-selling PPI, Alliance and Leicester was forced to pay its customers £7 million in claims.For free advice on how to make a PPI Claim – Payment Protection Insurance claim or a credit card charges claim then call Belmont Thornton on 0845 526 0000 or fill in the Quick Claim form to be sent a free PPI Claim pack or credit card charges claim pack.Jennifer HainesJennifer's speciality knowledge is credit card changes and balance transfers.
Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk number 18273
Belmont Thornton Ltd. is incorporated in England and Wales, Company number 6621233, whose head office and registered office is at Suite 2, Unit 25, The Coda Centre, Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.
Belmont Thornton Ltd is registered with the Information Commissioners Office to ensure compliance with the Data Protection Act 1998 registration number Z1728023 and holds a Credit Consumer License issued by the Office of Fair Trading license number 634655.
Please note that calls may be recorded and email traffic monitored for the purposes of security and 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.