Belmont Thornton Logo
Claim Back Loan Insurance

Payment Protection for Self Employed

There have been so many instances of mis sold PPI that it is becoming increasingly difficult to determine just how many of the 20 million UK policies have actually been mis sold. When sorting through cases that have blatantly been mis sold PPI one group of people will always stand out from the crowd. The majority of PPI policies do not cover self employed people. So, in most cases, the cover should never have been sold.

Refunds for Mis Sold PPI Policies for the Self Employed

Once it has been determined that the cover was mis sold, PPI refunds are generally awarded without further ado. However, there are times when a lender does not see it as being mis sold which is why the consumer may need to go through the entire appeals procedure to claim back PPI. Keep in mind that lenders refuse a significant number of the claims that they review but the Financial Ombudsman Service uphold up to 90% of those that they subsequently review. Take heart in knowing that if you were a victim of mis sold payment protection for self employed persons you will most likely be awarded your refund.

Trying to Make Sense of the Magnitude of the Scandal

In light of the fact that self employed persons are rarely covered by PPI, it is hard to believe the magnitude of the PPI scandal that has literally rocked the UK lending industry off its foundation. Why is it then that so many payment protection for self employed polices were sold? It is difficult to say for sure, it could be a lack of staff training or product knowledge. The most difficult thing to understand is why it is so difficult to get a PPI refund on a policy that was quite obviously mis sold!

Not just self employed customers who are affected

You should remember that it is not just self employed people who are frequently excluded from PPI policies. If you were unemployed, retired or in full time education when you were sold your policy it is unlikely your cover will be valid.

If you have any questions about how Belmont Thornton can help you with a payment protection for self employed claim, contact the claims team on 0207 471 2000.


Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
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 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.

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