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FSCS declares two mortgage brokers bankrupt

The Financial Services Compensation Scheme has named two mortgage companies among six firms that defaulted in August.

London-based Cain Lambert Limited, formerly known as PAR Capital Mortgages Limited, and The Man for Mortgages Limited, based in Derbyshire, have both closed their doors.

The FSCS advises that consumers could be in line for compensation, and that if they have lost any money as a result of their dealings with the failed financial firms, they should get in contact.

FSCS chief corporate affairs officer Alex Kuczynski says: “FSCS steps in to protect consumers around the UK when authorised financial services firms go bust. This vital service, which is free to consumers, protects your deposits, investments, home finance and insurance.

“We want anyone who believes they may be owed money as a result of their dealings with any of these firms to get in touch as we may be able to help you.”

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