Yes, but you have to adjust the Belkin, so disconnect it.
Now plug the laptop into it by ethernet and log into it.
Disable DHCP and change the IP address of it to something on the same subnet as the BT hub but outside the DHCP pool. I would guess 192.168.1.250 would work.
Finally link it to the ethernet from the BT hub but plug it into one of the LAN ports and turn it on. It should now work. If it doesnt turn everything off, turn the BT hub on and wait 5 min until it settles, then turn on the Belkin and try again.