Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Which? welcomes PPI law changes

Consumer advocacy group Which? has welcomed new laws relating to payment protection insurance (PPI), which came into force on April 6th.

It will now be illegal to sell PPI at the point-of-sale, such as when giving a customer a mortgage, credit card or unsecured loan.

Instead, the cover can only be sold to an individual when a personal quote has been given or seven days after the credit product was provided.

Furthermore, companies will have to give personal PPI quotes, giving details about the policy and its overall cost, as well as provide information in advertisements about payment protection, ensuring people realise it is optional.

Many of these services were missold, meaning men and women might have to pay significant sums of money on policies without ever being able to make a successful PPI claim, Which? argued.

Insurance expert for the organisation Martyn Saville said: "The misselling of PPI has been scandalous and these provisions will help avoid future problems."

Jennifer Haines
Jennifer's speciality knowledge is credit card changes and balance transfers. ADNFCR-2776-ID-801335920-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 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