Address
This firm has been subject to disciplinary or regulatory action. That action may be historic or it may currently affect the regulated activities they are permitted to do. Check the record and contact the FCA if you need further help.
Home & County Mortgages Ltd
Current Status: No longer authorised
Reference Number: 303206
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfS04AAF
A firm with the status "No longer authorised" may have had its authorisation revoked for any of the following reasons: voluntary cancellation of its authorisation, failure to meet ongoing regulatory requirements, non-compliance with rules and regulations, enforcement action taken by the FCA, failure to pay fees or inactivity. To learn more about a particular firm's status and why it was revoked, it is necessary to either check the FCA register or contact the FCA directly.
Reasons for non-compliance may include inadequate systems and controls, weak corporate governance, insufficient staff training, misleading or inaccurate disclosures, conflicts of interest, breaches of conduct rules, inadequate client protection measures, financial crime, data protection breaches, or inadequate capital or liquidity. To combat these issues, firms should ensure they have proper procedures in place to identify, manage, and report risks in a timely manner.
The UK financial services industry has seen a number of high-profile cases of financial mis-selling in the past, such as Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages and pension mis-selling. This has resulted in billions of pounds of compensation being paid to affected consumers and businesses. In response, the Financial Conduct Authority (FCA) has taken significant steps to address mis-selling, including enforcement actions, compensation schemes, and new regulations to improve disclosure and transparency. Despite these measures, mis-selling remains an ongoing risk that requires continued vigilance from both regulators and the industry.
Consumers who have been mis-sold financial products or services in the UK may be eligible to claim compensation. The process usually involves getting in touch with the firm responsible for the mis-selling, escalating the case to the Financial Ombudsman Service if necessary, and filing a claim with the Financial Services Compensation Scheme if the firm is no longer in business or has been declared in default. It's important to act quickly, as there may be time limits for submitting claims, and to seek independent legal or financial advice if necessary. However, the exact process and eligibility criteria may vary depending on the product, service, or circumstances involved.