Wells Mortgage & Insurance Brokers Limited (now known as BLW Developments Ltd)
What this means for you
Because Wells Mortgage & Insurance Brokers Limited (now known as BLW Developments Ltd) 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
Wells Mortgage & Insurance Brokers Limited (FRN 118269), also known as BLW Developments Ltd, was declared in default by the Financial Services Compensation Scheme on 5 September 2003. The firm provided mortgage and insurance broking services to its customers. However, no specific product types are recorded in available data, limiting detail on the precise scope of FSCS compensation entitlements for eligible claimants from this firm's failure.
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.