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Claim Back Loan Insurance

Reclaim Insurance on Loans

Even though we know that lenders are mis selling loan protection insurance it still comes as quite a shock when we discover that they have actually scammed us as well. Sometimes they blatantly lied to us about what the cover could provide and other times they simply added payment protection to the loan without telling us or even asking if we would like it. In either case, the only thing we want to know right now is how to reclaim loan charges that we shouldn't have had to pay.

Can You Even Reclaim Loan Insurance?

If you are sincerely interested in how to reclaim insurance on loans, the absolute first thing you must do is determine if you were mis sold loan insurance and if you were, document how your lender did that. Here is a good place to start. Did they:

  • Tell you the loan was contingent upon carrying loan protection insurance
  • Add it without your knowledge or consent
  • Fail to disclose important features (i.e. cost, conditions and exclusions) of the policy
  • Sell PPI after having been told you have a pre-existing condition
  • Sell you cover knowing you are over 65, unemployed, self employed or a temporary worker
  • Misrepresent the cover in any way whatsoever

If your answer is in the affirmative to any of the above causes of mis sold PPI then there is a very good possibility that you can reclaim loan charges.

Best Way to Reclaim Insurance on Loans

Unless you are a glutton for punishment, the best way to reclaim loan insurance is obviously to file a claim. But it is the way in which you file the PPI claim that can make a significant difference. Many people are finding that it is just so much easier to hire a claims management company than it is to hassle over all the details that go into a successful claim against a lender. Professional claims specialists are able to zero in on proving mis sold PPI as well as being able to communicate with lenders during the claims process. If your claim is denied a claims specialist will facilitate the appeals process with the Financial Ombudsman Service and your claims specialist should only work on a no win no fee basis. The best way to file a claim against mis sold PPI is to do it right the first time and that is what a claims management company can do for you.

Although there are a lot of new PPI claims management companies surfacing on the web as time goes on, find one that is duly registered and has a long line of accomplishments. You should not need to pay an upfront fee and your claims team should work on a no win no fee basis. Belmont Thornton meets all those requirements and so many more. To speak with the claims team, call 0207 471 2000 today.


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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 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.

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