Belmont Thornton Logo
Claim Back Loan Insurance

Refund of Bank Charges

Mis sold PPI has been in the news much of late and rightfully so. UK consumers have been made to pay exorbitant amounts of money for a cover that is virtually nonexistent and now they are looking for a refund of bank charges that should never have been debited from their accounts. However, it should be understood right from the start that there are certain guidelines to follow when claiming back bank charges. Not all payment protection insurance policies were mis sold, even though a substantial number were. The first thing you need to do if you intend to claim a refund of bank charges is to make sure your claim meets the guidelines for mis sold PPI.

What Constitutes Mis Sold PPI?

If you intend to claim back PPI then you will certainly need to prove that the lender mis sold cover to you either by omission or by an overt act. In other words, it isn't always what the lender said to you in regards to PPI but rather what the lender failed to tell you. One of the huge issues that has been predominantly in the news is the fact that lenders are failing to disclose the details of the policy, especially the conditions and exclusions listed in the small print. Other times lenders are misrepresenting cover or blatantly telling borrowers that the loan is dependent upon purchasing loan insurance. These are examples of mis sold PPI and would give grounds for seeking a refund of bank charges.

Filing a Mis Sold PPI Claim

After having established that the insurance cover was mis sold, it is time to claim back PPI through proper channels. If you are trying to get a lender to refund bank charges it is important that you understand that it may be a bit difficult to get them to readily admit they mis sold the policy. Since this is probably the only way you will be able to claim your money back it is better to be well represented when you file a claim. Many people are turning to claims management companies to help them file PPI claims to refund bank charges because they are well prepared to take on the financial giants. Even though the government has ruled that lenders review each and every claim they receive, it doesn't always mean they will do so, or do so timely. In fact, lenders are denying more claims than they are approving which is sending many people through to the Financial Ombudsman Service on appeals.

If you are looking for representation, Belmont Thornton has successfully filed thousands of PPI claims on behalf of UK consumers. We are registered with the Ministry of Justice, the Information Commissioner's Office and hold a Credit Consumer Licence issued by the Office of Fair Trading. Our claims team works on a no win, no fee* basis and we will be there for you every step of the way. It isn't always easy to get the lender to refund bank charges but we make it our business to make that happen if you have been mis sold PPI. To speak with a member of the claims team, 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