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FSCS offers compensation after mortgage broker declared bust

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  • 22/08/2018
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FSCS offers compensation after mortgage broker declared bust
Mortgage broker the Mortgage Consultants Limited has been declared in default by the Financial Services Compensation Scheme (FSCS), alongside eight other financial firms.

 

Consumers who dealt with the failed companies, and lost money as a result, could now get compensation.

London-based Ignition Select Limited and Talk Financial Solutions were also last month declared in default, as well as Accuro Finance Limited in Maidstone, Vans R Us in Southampton and Ashfield Financial Planning (UK) Limited in Birmingham.

In the North West, Box Insurance Services and Newton General Insurance Services, Care Asset Management Limited and R W Harris Limited t/a Roger Harris and Company/Greystone Wealth Management have also gone out of business.

Alex Kuczynski, chief corporate affairs officer at FSCS, said: “FSCS steps in to protect consumers around the UK when authorised financial services firms go bust.

“This vital service, which is free to consumers, protects your deposits, investments, home finance and insurance.

“We want anyone who believes they may be owed money as a result of their dealings with any of these firms to get in touch as we may be able to help you.”

Consumers making a claim for compensation can do so online with the FSCS or through the scheme’s customer services team on 0800 678 1100.

The FSCS has paid out more than £26bn in compensation since it was started in 2001.

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