FSCS in-default register

First Class Mortgages Limited

Declared in default22 February 2010FRN 303060

What this means for you

Because First Class Mortgages Limited has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.

Background

First Class Mortgages Limited (FRN 303060), a UK-regulated mortgage lender, was declared in default by the FSCS on 22 February 2010. The firm had been authorised to arrange and advise on mortgage finance. Eligible customers of the firm may be entitled to FSCS compensation of up to £85,000 for mortgage-related claims.

Products this firm wrote

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How to claim

  1. Check you were a customer of this firm during the period it was regulated.
  2. Gather your policy / advice / contract paperwork — start with anything you have in writing.
  3. Identify your loss and the date it crystallised.
  4. Apply via the FSCS online claim portal at claims.fscs.org.uk.
  5. The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.