Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Loan claim: FLS to be extended

The Funding for Lending Scheme (FLS) will be extended, chancellor George Osborne has decided.

It was originally due to expire in January 2014 but will now run for a year longer.

The chancellor had said in the Budget that he would extend FLS if he thought it could benefit the economy, which was echoed by the Bank of England (BoE) in its most recent Financial Policy Meeting.

He made the decision to extend FLS after the International Monetary Fund put pressure on him to reduce austerity measures in the UK.

This scheme was put in place to help increase lending to people looking to buy houses and to businesses.

The BoE set this up by investing around £80 billion in major banks on the condition that this money would be given back to customers as cheaper mortgages and business investment.

So far, it has failed to provide credit to businesses but had aided in reducing the cost of mortgages.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801575073-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