Belmont Thornton Logo
Claim Back Loan Insurance

PPI Legislation

Playing by the rules is not something that is new to you as an adult, rather as a child many of us are taught that we should play by the rules. Some common rules as children were no running in the house, do your homework, and the most important rule was to treat others as you would like to be treated. Unfortunately for borrowers, it seems as though some of the United Kingdom's banks, loan offices, and credit card companies have not learned the value of playing by the rules. A large majority of the companies failed to adhere the guidelines when they mis sold payment protection insurance (PPI) ushering in a wave of PPI legislation. As a result of so many United Kingdom citizens being mis sold PPI, the FOS (Financial Ombudsman Service) and the FSA (Financial Services Authority) are working with the government for PPI legislation to ensure that all of the policyholders that were wronged get fair financial compensation for the monetary loss attributed to being mis-sold a PPI policy.

Lenders versus Borrowers

In some cases the rules that were broken by the lenders were broken to such an extreme that PPI legislation has become necessary to stop what on the surface seemed to be a good idea, but in actuality was one of the biggest scandals the United Kingdom has ever seen. Considering, that there are millions of citizens who have been taken advantage of in the same fashion there is no question that there is a need for PPI legislation.

As a whole, it is more financially difficult to succeed now than it used to be. With the additional financial hardship placed on many of the United Kingdom's citizens by the financial institutions who told us payment protection insurance was a way to help during the troubling times in life, it just seems unbearable. Luckily, there is PPI legislation in place for citizens who can prove that they were indeed a policyholder and were mis-sold payment protection. This PPI legislation is in effect to help them recoup money lost in the process of getting a policy, paying for policy and time lost trying to get a refund.

Belmont Thornton, Belmont Thornton, operates on a no win no fee* basis. Call 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