FSCS declares two mortgage brokers in default

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The Financial Services Compensation Scheme has declared two mortgage brokers in default and unable to meet their claims.

The brokers are First Mortgage Link in Priory Road, St. Ives and The Mortgage People in St Marys Mews, Staffordshire.

The FSCS is telling consumers they could claim back lost cash from dealing with the two failed firms.

FSCS spokesman Mark Oakes says: “Our message to anyone who believes that they may be owed money as a result of their dealings with any of these firms is please get in touch as we may be able to help you.”

The two brokers are among 27 recently-failed firms the FSCS has recently declared in default.