Buying a home of your own is an exciting time in your life and it really makes you feel independent. However, there are a lot of aspects involved with getting a mortgage loan so it is best to be sure you know all the ins and outs. Do some research and look into the different types of loans. On top of that, be sure you know what you are going to face when you apply for a mortgage. For example, many people do not know that a mortgage loan in the UK is almost always going to be sold side by side with some kind of mortgage payment protection insurance pushed on them by lenders out to make some extra money. This can lead to a lot of problems in the future and it can also help to drain your bank account a lot faster!
Why Beware of Mortgage Payment Protection?
The main reason is that most polices are being mis sold to unsuspecting consumers. There are very few mortgage payment protection policies that do not result in mortgage claims for mis sold payment protection. Why is that? It is because lenders are selling everyone cover, whether they qualify or not. A mortgage claim for mis sold PPI is inevitable in most cases. Some people may go on for years paying on a mis sold PPI policy before ever realising it. Usually, it is not until something happens that makes them file a claim for payments to be covered while they are sick or injured that it comes to light. Mis sold PPI usually occurs when a borrower has been misinformed or uninformed about the cover. Once the claim for payments has been filed and denied the real fun begins.
What is a PPI Mortgage Claim?
A PPI mortgage claim is what you will file if you find out that you have been paying into a useless policy in order to try and recover some of your money. You do not usually get everything you paid into the policy but most people feel that something is better than nothing. Unfortunately, some people have paid in thousands of pounds over quite a few years before they become aware and file a mortgage claim. At Belmont Thornton, we specialise in helping people in this exact situation file a mortgage claim and get the highest possible refund. Of course this is not to say that we can guarantee a refund to everyone who files but with our team of experts your chances of winning your claim increase significantly.
Filing a mortgage claim for PPI can be a bit more complicated than it sounds. However, our claims team is on hand to answer any questions you may have and can actually help file your claim with your lender. Simply call us on 0207 471 2000 to get on the fast track and the claims pack can be on its way to you within just 24 hours. Time may be limited so don't delay.
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