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Payment Protection Insurance UK

It is no surprise that payment protection insurance UK complaints are still coming in fast and furious. Actually, it is probably because so many of them have been registered against lenders that more people are becoming aware of the problem and taking an active role in determining whether or not they were mis sold cover.

Payment Protection Insurance UK Laws

Whilst payment protection insurance UK policies are totally legal, it is the mis selling of the cover that is against the law. There are certain ways in which a lender can sell loan protection insurance. If those rules are broken it constitutes misselling the product and the consumer is eligible to claim back PPI. Primarily, the borrower must be informed that the lender would like him or her to have this cover but it is not mandatory. In the past some lenders told potential borrowers that their loan was contingent upon carrying this cover. As well, some lenders simply added the cover to loans without telling borrowers the expensive insurance was tacked on top of the principal. PPI cover was also sold to customers whose circumstances made them unsuitable such as those over the age of 65.

Payment Protection Insurance Scotland Laws

Of course the problem is the same in Scotland as it is in England, Wales, Ireland.  It is simply the way in which claiming back bank charges is handled as well as how the claims process is handled.  It is the bank that will be ordered to make restitution for mis selling PPI and the bank that will make the initial decision regarding whether or not to accept or deny the claim.

If you feel you personally have been mis sold PPI you can file a claim for a refund with your lender. Belmont Thornton's website has a wealth of information for just that purpose.

To start a claim or for more information call 0207 471 2000.

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Belmont Thornton Limited is regulated by the Financial Conduct Authority in respect of regulated claims management activities; FRN:838450

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.

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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.

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