FSCS in-default register

Ocean Finance and Mortgages Ltd

Declared in default11 January 2017FRN 310136

What this means for you

Because Ocean Finance and Mortgages 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

Ocean Finance and Mortgages Ltd (FRN 310136) was declared in default by the Financial Services Compensation Scheme on 11 January 2017. The firm's specific product offerings cannot be determined from available data; however, based on its name, it likely provided mortgage and related financial services. Eligible customers 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.