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Payments Protection Insurance

One of the unfortunate things about payments protection insurance is that in concept it is a good cover but in reality it has been mis sold so much that the entire type of insurance has gotten a bad name. If you were to think about all the good payments protection insurance could do for the right borrowers, it doesn't sound like a bad thing. It was actually meant to go into effect under certain conditions when consumers lose their job or are temporarily without income due to illness.

PPI Sold to Borrowers Who Couldn't Claim

Unfortunately, it was sometimes sold to borrowers who could never hope to make a claim because of such things as pre-existing medical conditions or being self employed when the policy was sold. Similar to health insurance policies, there would be no cover for any situations that arise from a condition that was previously diagnosed. Unfortunately, due to a lack of training and internal processes many unsuitable customers were still sold the cover.

Lender's Responsibility of Disclosure

In order to make a payment protection claim it must first be established that the payments protection insurance was mis sold to the borrower when taking out a loan. Whether that loan was for a car, a new home or a holiday, it is the responsibility of the lender to explain the policy to the borrower.

Thousands of PPI Claims Being Filed

There are literally thousands of complaints lodged regarding mis sold payments protection insurance and the numbers are expected to increase substantially over the coming months.

If you have been mis-sold a payments protection insurance policy you can start your claim today. Simply complete our quick claim form or call our team on 0207 471 2000

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Belmont Thornton Limited is regulated by the Financial Conduct Authority in respect of regulated claims management activities; FRN:838450

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.

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* 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.

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