Default firm pay out

A home finance advisory firm in Hailsham has been declared in default.

The move paves the way for customers of Premiere UK Limited to potentially claim compensation from the Financial Services Compensation Scheme (FSCS).

The FSCS took the decision to declare the firm default because it was believed to be unable (or likely to be unable) to pay claims against.

Mark Oakes, Head of Communications for FSCS, said: “We have already started paying compensation in respect of this firm. However, we are encouraging anyone who has not been contacted by us and believes they may be owed money as a result of their dealings with the firm to get in touch with the FSCS.”

The FSCS is the UK’s statutory compensation scheme for customers of regulated financial services firms.

The FSCS Initial Contact Team can be contacted on 0800 678 1100 or 020 7741 4100 or by email at enquiries@fscs.org.uk. Further information about the FSCS is available at www.fscs.org.uk