FSCS offices
Gallery Finance Ltd, a financial advice firm which provided equity release, buy to let and mortgage advice in Cheshire, has been declared in default by the Financial Services Compensation Scheme.
The decision opens the door to ex-clients to claim up to £85,000 per successful claim from the FSCS, the industry compensation safety net for consumers.
Gallery Finance Ltd (FRN: 659898), based in Middlewich, Cheshire is no longer trading and has gone into creditors’ voluntary liquidation.
The FSCS said it had received three claims against the firm in relation to mortgage advice. One claim has now been upheld, triggering the default declaration.
Two of the three people listed on the FCA Register as working for the company were qualified to give advice on equity release and other areas.
According to the FCA Register the firm also gave advice on consumer buy to let mortgages.
The firm lost its authorisation to provide financial advice on 1 August.
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