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Anyone that has been mis-sold a payment protection insurance (PPI) policy along with their mortgage, personal loan, business loan, or credit card should consider filing a PPI claim against their lender. A policy is mis-sold when the lender fails to disclose important information about the terms and conditions, or cost, or convinces the borrower that the policy is absolutely mandatory for loan approval. PPI policies are also mis-sold and included with mortgages as well as unsecured personal loans, business loans, and personal loans. The average amount reclaimed by Belmont Thornton is approximately £2500.

How Much Can You Receive When You Recover Bank Charges Caused by PPI Payments?

Although the amount of money received from the payment protection refund will vary depending on the loan size and policy premium, with the help of a qualified PPI claim company like Belmont Thornton you can receive full compensation for the total price of the PPI policy, as well as any penalty charges that may have resulted from the additional financial burden of the policy. Startlingly, while home loans typically have a much higher value than personal or business loans, payment protection policies usually only account for about 0.02 to 0.03% of the total home loan amount. Nonetheless, small recurring monthly repayments can be just as financially detrimental as a one-time PPI premium. The amount of money received when you recover bank charges caused by PPI payments will be greater if the policy was paid for by a one-time premium than if it were financed by recurring payments.

Payment Protection Claims Defined

When borrowers are mis-sold a PPI policy there is little that they can do to receive repayment assistance other than pursuant attempt to recover bank charges caused by the PPI policy payments. The amount received from. However, if the PPI policy was sold as a part of an ongoing payment structure within a smaller loan or credit card, the borrower will still receive full compensation in a lump sum, but it may not be equivalent to the compensation received from a larger loan. Since 2006 there have been a significant amount of UK residents filing payment protection claims and attempting to recover bank charges caused by PPI from private lenders, financial institutions, mortgage brokers, and credit card companies that mis-sold payment protection insurance (PPI) policies to uninformed and/or ineligible borrowers.

How Much Will You Have To Pay to Recover Bank Charges Caused by Mis-Sold PPI

A professional PPI claim company will usually not charge you anything up front to take your case, and you'll not be charged a penny unless you are able to re claim PPI payments fully. Given the fact that most PPI policy claims are not honoured by the insurance company, if you have recently experienced a scenario that caused you to default on your loan payments, and have been unable to receive assistance from the insurance company, the most advisable decision would be to attempt to recover bank charges caused by PPI payments and use them to make repayments towards the loan.

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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.

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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