Mis Sold Mortgage Payment Protection
Buying a house is the biggest financial risk most of us will ever take and most
of us worry about what would happen if we were unable to keep up with our
repayments. For this reason many people, particularly in the past, opted to take
out mortgage payment protection insurance. This cover insures the borrower's
repayments in the event they become sick, have an accident or are made
Mis sold mortgage payment protection is no different from any other form of
mis sold payment protection.
Common methods of mis-selling include where a policy was added without the
customer's knowledge, where the costs or terms were not explained or where the
customer was sold a policy they did not need or were ineligible to use.
The cost of mortgage payment protection cover can vary great, but can add between
13-25% to your overall borrowing. On a Â£100,000 mortgage, therefore, you may pay
between Â£13,000 and Â£25,000 for the cover. For some people it can provide very
worthwhile protection, but it is not for everyone and, if it has been mis-sold,
it can prove to be a very costly yet ineffective form of cover.
How to Claim Back Mis Sold Mortgage Payment Protection
If you would like to reclaim mis sold PPII
Belmont Thornton, Belmont Thornton, is registered with the Ministry of Justice and in compliance with all rules and regulations regarding PPI refund claims in the UK. There is a no win no fee* policy in fact so that no fee is taken from you until you have reclaimed your mis sold mortgage payment protection. For further details contact the claims team on 0207 471 2000.. Act now as you could be due thousands of pounds in mis sold PPI.
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