FSCS in-default register

Kenneth G Newton t/a Mortgage Options

Declared in default20 February 2013FRN 301463

What this means for you

Because Kenneth G Newton t/a Mortgage Options 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

Kenneth G Newton, trading as Mortgage Options (FRN 301463), was declared in default by the FSCS on 20 February 2013. The firm provided mortgage advisory and arranging services to consumers. Former customers of the firm may be entitled to FSCS compensation of up to £85,000 for mortgage-related claims, subject to the standard eligibility criteria.

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.