Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Loan refunds: 'Cowboy traders' cost Brits £3.7bn in the last five years

Consumers who have had loan refunds and spent the money on home improvements should make sure the tradesmen they hire are reputable.

This is because 'cowboy traders' have cost people in Britain £3.7 billion over the past five years, with homeowners having to fork out for repair work for botched jobs, research by Sainsbury's Finance has found.

Ben Tyte, head of Sainsbury's Home Insurance, offered some tips on researching tradesmen before committing to one.

He said: "Perhaps ask friends and family for recommendations or ask companies you're thinking of hiring for references.

"You should always contact at least three and ask for a written quote, this will give you confidence that you are paying the right amount for the job you need done. Always check for relevant qualifications and accreditations."

Findings revealed that of those people who used tradesmen in the last five years, only 36 per cent asked for a number of quotes before starting work, while just five per cent asked if they were accredited by TrustMark, the government endorsed standards agency.

Jennifer Haines

Jennifer's speciality knowledge is credit card changes and balance transfers.
 ADNFCR-2776-ID-800712375-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 
Town
County
Post Code 
Email 
Circumstances
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 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