Consumers could be in line for compensation after the Financial Services Compensation Scheme (FSCS) declared over 40 previously regulated financial advisory businesses in default, including several mortgage advisers.
Home Finance Select Mortgage Solutions based in North Shields, First Action Finance on Wimpole Street and High Tree Financial Services in Boreham Wood are among the firms listed as in default.
A declaration of default means the FSCS is satisfied a firm is unable to pay claims for compensation made against it.
Mark Oakes, head of communications at FSCS, said: “Our message to anyone who believes that they may be owed money as a result of their dealings with any of these firms is please get in touch, as we may be able to help you.”
The FSCS customer services team number is 0800 678 1100 or 020 7741 4100 or email at enquiries@fscs.org.uk.
See the full FSCS list here.
Victoria Hartley is contributing editor at Mortgage Solutions, Specialist Lending Solutions, Your Money and Your Mortgage at London-based publishing company AE3 Media.
She has an MA in Radio from Goldsmiths after gaining a 2:1 in a Comparative American Studies BA at Warwick University. She also holds a TEFL qualification and taught overseas in Mexico and Japan from 1994 to 1997.
Her role includes editorial oversight of the news, analysis and features, event content management and strategic and editorial consultancy for the AE3 Media group. She is an experienced video, broadcast and live-event host and regularly chairs web and podcast debates and interviews.
Multiple award nominations have resulted in two wins: Santander Media Awards, trade journalist of the year and Headlinemoney Awards, mortgage journalist of the year (B2B). Here is one of the award-winning pieces: https://www.mortgagesolutions.co.uk/news/2011/07/21/exclusive-tale-bailey-fraud-witness/
Previous roles include editorships of Mortgage Solutions, consumer title What Mortgage and trade title Credit Today as well as a stint freelancing for a variety of outlets including The Guardian and Which? Money.
