FSCS in-default register

Mortgage Advice & Practice Ltd

Declared in default4 May 2010FRN 305332

What this means for you

Because Mortgage Advice & Practice 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

Mortgage Advice & Practice Ltd (FRN 305332) was declared in default by the Financial Services Compensation Scheme on 4 May 2010. The firm provided mortgage advisory services to UK consumers. Former customers may be entitled to FSCS compensation of up to £85,000 in relation to 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.