FSCS in-default register

Prime Mortgage Brokers Ltd

Declared in default3 February 2020FRN 432741

What this means for you

Because Prime Mortgage Brokers Ltd 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

Prime Mortgage Brokers Ltd, regulated under FRN 432741, has been declared in default by the Financial Services Compensation Scheme (FSCS) as of 3 February 2020. The firm provided home finance services, including mortgage broking and related advisory services. Customers with eligible claims may be entitled to compensation up to £85,000 per person, the FSCS limit for mortgage-related business.

Products this firm wrote

Home Finance

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.