Q&As about Southsea Mortgage and Investment Company Ltd


I had a savings account with Southsea Mortgage and Investment Company Ltd. Is my money safe?

I had an ISA with Southsea Mortgage and Investment Company Ltd. Will I lose my tax-free status?

Is there a limit to how much compensation the FSCS will pay?

I had a loan with Southsea Mortgage and Investment Company Ltd. Will I have to repay it?

What do I need to do to get my money back?

How soon will I get my money back?

How will I be able to find out what is happening?

How will the FSCS calculate how much compensation I am entitled to?

Can the FSCS make a compensation payment directly to my account with another bank?

Will any of the money I owe to Southsea Mortgage and Investment Company Ltd be offset against my savings when you calculate the amount of compensation payable?

Do I need to notify the FSCS if I have recently changed address?

I am the executor of a depositor who has recently died. Do I need to contact the FSCS?

What should I do if I disagree with the amount of compensation the FSCS has paid me?

Jargon Buster

  • Eligible

    qualifying for compensation under Scheme rules.
  • In default

    A firm unable, or likely to be unable to pay claims against it. This will generally be because it has stopped trading and has insufficient assets to meet claims, or is in insolvency.
  • Insolvency

    having insufficient assets to meet due debts or liabilities.
  • Investment

    a financial product in which money can be invested to earn interest or profit (although the value of investments can go down as well as up).