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Two mortgage brokers declared bust as FSCS offers compensation

Two mortgage brokers were declared in default in August by the Financial Services Compensation Scheme (FSCS). The post Two mortgage brokers declared bust as FSCS offers compensation appeared first on...

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Mortgage broker declared in default as FSCS offers compensation

A mortgage broker and a financial adviser were among five firms declared in default in September by the Financial Services Compensation Scheme (FSCS). The post Mortgage broker declared in default as...

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FSCS aims to cut industry levies and improve ‘daunting process’

The Financial Services Compensation Scheme (FSCS) has outlined its long-term strategy which includes increasing recoveries from failed firms, reducing industry levies and improving consumer protection....

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Mortgage brokers’ FSCS levy drops 80% to £4m

Mortgage brokers will be contributing just £4m towards the Financial Services Compensation Scheme (FSCS) budget for the 2019/20 financial year. The post Mortgage brokers’ FSCS levy drops 80% to £4m...

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CMC targeting mortgage advice mis-selling with high volume of FSCS claims

The Financial Services Compensation Scheme (FSCS) has revealed it has been bombarded by a substantial number of mortgage advice mis-selling claims with little or no evidence. The post CMC targeting...

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FSCS outlines plans to reduce erroneous ambulance-chasing claims targeting...

The spike in claims against mortgage brokers received by the Financial Services Compensation Scheme (FSCS) last year largely constituted complaints about advice to remortgage and then invest in...

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Top 10 most read mortgage broker stories this week – 22/02/2019

This week’s most read on Mortgage Solutions and Specialist Lending Solutions saw the Financial Services Compensation Scheme (FSCS) feature prominently with a mortgage advice firm declared in default...

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Failed mortgage broker firms listed in default by FSCS

A pair of failed mortgage advice firms have been listed as in default by the Financial Services Compensation Scheme (FSCS). The post Failed mortgage broker firms listed in default by FSCS appeared...

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Mortgage brokers’ FSCS levy halves to £1.5m

The Financial Services Compensation Scheme (FSCS) levy for mortgage brokers has more than halved to £1.5m for the 2020/21 financial year. The post Mortgage brokers’ FSCS levy halves to £1.5m appeared...

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Mortgage brokers hit with £2m FSCS levy

Mortgage advisers are on the hook for an additional £2m as part of a £92m supplementary levy from the Financial Services Compensation Scheme (FSCS), despite better than expected performance. The post...

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