Belmont Thornton Logo
Claim Back Loan Insurance

Mis Sold Payment Protection on Loans

It is unsurprising that so many lenders, of different sizes, were so eager to sell payment protection insurance for so many years. For many the insurance was viewed as a huge 'cashcow.' Generating in excess of £5.5 billion a year PPI was often more profitable than the interest from the loans to which it was attached. In adition, the low payout rate associated with this kind of insurance meant that the profit margins were potentially even bigger. Unfortunately, following several high profile investigations, borrowers began to become aware of the issue of mis sold payment protection on loans.

 As public awareness of the issue of mis-selling grew so did the number of people choosing to claim back PPI. Since 2005 more than 1.5 million have registered a complaint with the Financial Service Authority and the figure continues to increase. The larger banks are thought to have paid out hundreds of millions of pounds with more allocated for future claim payouts. Mis sold payment protection on loans has become one of the biggest financial scandals in British banking history.

If you are unsure whether you may be entitled to start Claiming back bank charges you should reflect back on the way in which your policy was sold to you. Did you feel pressured into taking out the cover or were you given incorrect information regarding what the policy covered or how much it cost? These could all become the basis for a case for mis-selling. You may also be entitled to make a claim if something about your situation made you unsuitable or ineligible to make a claim. If, for example, you were retired or in full time education when you took out your loan you should not have been offered this insurance as it covers for loss of employment. Similarly, if you were over the age of sixty-five you should not have been sold a policy as most PPI policies do not cover people over this age.

If you believe you were mis sold payment protection on loans you can start your claim today by calling 0207 471 2000 or completeing our online claim form. There is no limit to how many claims you can make and you can even make a claim if your loan is already paid off.

Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
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 Financial Conduct Authority in respect of regulated claims management activities; FRN:838450

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.

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