Finansec Ltd formerly Finsure Ltd, trading as Finansec Green, Finansec Mortgages, Sportsec
What this means for you
Because Finansec Ltd formerly Finsure Ltd, trading as Finansec Green, Finansec Mortgages, Sportsec 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
Finansec Ltd, formerly known as Finsure Ltd and trading under the names Finansec Green, Finansec Mortgages, and Sportsec (FRN 409721), was declared in default by the Financial Services Compensation Scheme on 26 August 2016. The firm's specific product offerings cannot be determined from available data, limiting identification of the compensation categories applicable to affected customers. Former clients may be eligible for FSCS protection depending on the products they held, with standard limits typically applying to investments, mortgages, and deposits (£85,000 each) or insurance claims (90% of loss, no maximum).
Products this firm wrote
How to claim
- Check you were a customer of this firm during the period it was regulated.
- Gather your policy / advice / contract paperwork — start with anything you have in writing.
- Identify your loss and the date it crystallised.
- Apply via the FSCS online claim portal at claims.fscs.org.uk.
- The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.