Payment protection insurance claims may free up enough spare cash for tenants to cope with rent prices that are historically high.Tenants in London are seeing their monthly rates increase as demand in the rental market continues to grow, said director of Ludlowthompson.com Stephen Ludlow.He attributed the increase in rental popularity to the fact that many potential first-time buyers can no longer afford the deposit that is required by banks to secure a mortgage deal to buy a property.New homes cannot be built to alleviate the problem as banks are "unwilling to lend to property developers", Mr Ludlow added.The expert believes the financial situations tenants find themselves in will only get worse as rental rates are set to increase in the future.Homeowners are also feeling the effects of the economic climate, as new research from Shelter shows between now and Christmas 35,000 people could be threatened by home repossession.
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.
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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.