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Failed mortgage broker firms listed in default by FSCS

  • 21/11/2019
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Failed mortgage broker firms listed in default by FSCS
A pair of failed mortgage advice firms have been listed as in default by the Financial Services Compensation Scheme (FSCS).


The listing means customers of those firms could get back money they have lost as a result of their dealings with those firms.

In total the FSCS declared 35 failed regulated firms in default between 1 August and 31 October 2019.

The two mortgage advice firms listed were:

First Rate Home Finance Limited formerly S&P Finance Limited, 17 Station Road, Hinckley, Leicestershire, LE10 1AW;

Property Finance Solutions (UK) Limited, 18 Farncombe Close, Wivelsfield Green, Haywards Heath, West Sussex, RH17 7RA.


How to claim

A declaration of default means the FSCS is satisfied a firm is unable to pay claims for compensation made against it.

FSCS chief executive Caroline Rainbird said: “FSCS’s role is to help people who have lost money as a result of doing business with an authorised firm if that firm is unable to meet claims made against it.

“The existence of FSCS helps to instil confidence in the financial services sector by ensuring customers can get the compensation they are entitled to when a firm fails. This vital service, which is free to consumers, protects deposits, insurance, investments, home finance and debt management.

“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,” she added.

Claims can be made using the FSCS’s online claims service at, by calling 0800 678 1100 or 020 7741 4100, or by email at


The full list of firms found in default from 1 August to 31 October is:


August 2019 – 13 firms


Greater London:

Advanced Vehicle Sales Limited, 5-7 Clarence Road, London N22 8PG
FIXI Plc, Atlas House, 1-7 King Street, London, EC2V 8AU
Rex Judd Limited, 415 Burnt Oak Broadway, Edgware, Middlesex HA8 5AH
Valiant Financial Consultants Limited, Valiant House, 12 Knoll Rise, Orpington, Kent BR6 0PG
Wheelpower Bike Centre Limited t/a Aprilia Wheel-Power, 264 Grand Drive, London SW20 9NE


South East:

Burnham Garage Limited t/a Burnham Hyundai, Burnham Vauxhall, Burnham Suzuki, Windsor Vauxhall, 87-89 Farnham Road, Slough, Berkshire, SL1 4UN


East of England:

Eastern Direct Finance, 4 Redwing Drive, Stowmarket, Suffolk IP14 5FN


East Midlands:

Steptime Limited t/a Peter Brooks Honda, 918-920 Chesterfield Road, Sheffield, South Yorkshire, S8 0SH
Taz Motorcycles Limited, 93 Queen Street, Sheffield, South Yorkshire, S1 1WF


West Midlands:

Colmore Cars (2000) Limited t/a Colmore 2000, 1163 Chester Road, Erdington, Birmingham, West Midlands, B24 0QY


North East:

N-Hanced LLP, 3 Carlton Court, Fifth Avenue, Team Valley, Gateshead, Tyne and Wear, NE11 0AZ


North West:

AETC Associates Limited, 106 Main Street, Wilsden, Bradford, BD15 0AB



Bellfield Financial Services Limited, formerly Kirkintilloch Insurance Services Limited, 23 Moncrieffe Avenue, Lenzie, Glasgow, G66 4NL


September 2019 – 13 firms

Greater London:

St Martin’s Partners LPP formerly CUOX LLP, Carter Clark Recovery House, 15-17 Roebuck Road, Hainault Business Park, Ilford, Essex, IG6 3TU
Strathearn Insurance Services Limited t/a Strathearn Insurance, Suite 92, 100 Westminister Bridge Road, London, SE1 7XB


South East:

East Sussex Motor Centre, London Road, Uckfield, East Sussex, TN22 2EA
Property Finance Solutions (UK) Limited, 18 Farncombe Close, Wivelsfield Green, Haywards Heath, West Sussex, RH17 7RA
Southern Honda Limited, 27-43 Ifield Road, Crawley, West Sussex, RH11 7AT
WSW Financial Services Limited t/a WSW Wealth Management Suite 2, 2nd Floor Phoenix House, Brighton, BN1 2RT


South West:

Bristol Finance & Warranty Limited, Glen Fern House, Carsons Road, Bristol, BS16 9LP
Haxby’s of Plymouth Limited, 22-24 Valley Road, Plymouth, Devon, PL7 1RF


North West:

Blackstone Independent Financial Advisers Limited, 22b Station Road, Cheadle Hulme, Cheshire, SK8 7AB
Financial Provision Solutions Limited formerly PSTG Solutions Limited, Belgrave Place, 8 Manchester Road, Bury, Lancashire, BL9 0ED
Motormile Finance Limited formerly Index Link Limited, Hazelcroft, 322 Harrogate Road, Bradford, West Yorkshire, BD2 3TB


West Midlands:

CPPT Services Limited formerly Central Financial Planning Limited, 1 Dairy Barns, Nut Hurst Grange Lane, Hockley Heath, Solihull, West Midlands, B94 5NL
Ask Finance Limited, Deloitte LLP, Four Brindley Place, Birmingham, West Midlands, B1 2HZ


October 2019 – 9 firms


South East:

Gowrings of Newbury Limited, The Triangle, Newbury, Berkshire, RG14 7HT
KBW Associates Limited, The Joiners Shop, The Historic Dockyard, Chatham, Kent, ME4 4TZ


South West:

Gerard Associates Limited, c/o PCR (Bristol) LLP, The Basement, 77A Alma Road, Clifton, Bristol, BSB 2DP


East Midlands:

D.A. Vincent Limited t/a Ethical Investments Limited, Cedar House, 100 Whirlowdale Road, Sheffield, South Yorkshire, S7 2NJ
First Rate Home Finance Limited formerly S&P Finance Limited, 17 Station Road, Hinckley, Leicestershire, LE10 1AW


North West:

Ormskirk Motors Limited t/a Ormskirk Vauxhall t/a Planet Finance, 20 Winmarleigh Street, Warrington, Cheshire, WA1 1JY



Jacksons Cars Limited, Deloitte LLP, 5 Callaghan Square, South Glamorgan, Cardiff, CF10 5BT
Ron Treherne IFA Limited, 15 Lon Werdd, South Glamorgan, Cardiff, CF5 4SS



A Millward & E Millward t/a City Gate Consultants, 85 Claremont Street, Lanarkshire, Glasgow, G3 7HU

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