FSCS in-default register

Ideal Mortgage & Finance Limited

Declared in default5 September 2014FRN 302959

What this means for you

Because Ideal Mortgage & Finance Limited 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

Ideal Mortgage & Finance Limited (FRN: 302959) was declared in default by the Financial Services Compensation Scheme on 5 September 2014. The firm's specific product offerings cannot be determined from available records. Eligible customers may be entitled to compensation up to £85,000 for deposits or mortgages, or up to 90 per cent of losses for insurance products, depending on the services they used.

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.