Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News - 8/2/2010

Loan Protection: Banks still 'need government support' to offer mortgages

Britain's banks are still depending on government support in order to administer home loans, the Council of Mortgage Lenders (CML) has claimed.

In a paper set out to policy makers, the CML warn that both banks and other mortgage lenders could hike interest rates and cut the number of lendings if the government demands repayment of financial support.

Since 2008, the treasury has provided over £300 billion to help get the industry back on its feet. However, with signs of economic recovery showing this assistance is likely to be withdrawn.

The CML has warned that impending financial repayment could result in a decline in choice for the consumer.

"Emergency government action to fill the gap has been welcome. But government support has focused almost exclusively on larger deposit-takers, reinforcing the lack of overall competitiveness in the mortgage market," the CML said in a statement.

The CML has proposed policymakers present a long-term initiative "to identify and develop a sustainable funding model for the mortgage market of the future".

For help making a PPI Claim, Loan claim, PPI reclaim, or a credit card charges claim then call Belmont on 0845 526 0000 or fill in the Quick Claim box to be sent a PPI Claim form, Loan Claim form, PPI reclaim form or credit card charges form.ADNFCR-2776-ID-19601921-ADNFCR

Bookmark and Share
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

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.

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