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RBS Loan Protection

If you have considered reclaiming PPI in the past, but were unsure where to start or whether you were entitled to make a claim there may now be no better time to start your complaint.

In May 2011, the High Court reviewed new Financial Service Authority rules regarding the sale of loan and payment protection cover. The review had been requested by the British Banking Association (BBA) who was unhappy that the new guidelines may force lenders to examine old sales against new standards. The Court ruled against the BBA.

Since the High Court ruling many lenders seem to have reconsidered the way they deal with loan protection claims and several of the major lenders have announced the allocation of funds to address the problem. The Royal Bank of Scotland is just one of these announcing the allocation of £850 million to deal with RBS loan protection claims.

It is felt that the court defeat may have prompted lenders to accept the issue of mis sold PPI is something they need to address and move on from and, hence, the allocation of funds.

If you are unsure whether you could be entitled to make a claim it is wise to start by thinking about how your product was sold to you. If you feel you were pressured into taking out the cover or that you were given insufficient information your policy may be regarded as mis-sold. Likewise if you were led to believe taking out the cover would improve your chances of receiving the loan or that the cover was compulsory. In some cases customers were also sold cover that was wholly unsuitable for them. If, for example, you had a pre-existing medical condition or were over the age of sixty-five you may not have been eligible the insurance.

If you think you were mis-sold RBS loan protection or payment protection insurance by another lender call us today on 0207 471 2000.

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Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

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.

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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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