The Financial Services Compensation Scheme (FSCS) has declared three mortgage and general insurance intermediaries in default, meaning affected customers can now start compensation claims.
Default status means the firms are unable, or likely to be unable, to pay claims against them, triggering FSCS protection for consumers. Customers who can prove financial loss relating to home finance advice or arranging with Nottingham based Goldsmith Financial Adviser, Cambridgeshire's Diamond Lifestyle, or P. Hilder trading as Savings Assured Mortgages in Weston-Super-Mare, could now claim up to £48,000. Those with claims against the firms linked to insurance advice or arranging could be eligible for 100% of the first £2,000 and 90% of the balance of their claim, with no upper limi...
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