Coventry Building Society

Financial Ombudsman decision DRN-4411311 Not upheld

Not upheldoutcome, as published by the Ombudsman

—no sum stated

Thu Feb 15deadline to accept (not the decision date)

The Ombudsman does not print a decision date. The date above is the deadline the consumer was given to accept or reject the decision, which is set about a month after it was issued. It is reliable to the year, not to the month.

What this decision was about

Irresponsible lending, Mortgage administration

In the Ombudsman’s words

And it said, to approve a mortgage where borrowing would be more than 10 times income – and therefore clearly unaffordable – would be detrimental to Mr W.Irresponsible lending

Mr W complains that Coventry Building Society (CBS) unfairly declined his application to port his mortgage with it.Mortgage administration

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-4411311.pdf on financial-ombudsman.org.uk.

The outcome shown is the Ombudsman’s own published classification, not our reading of the text. Nothing here is legal advice, and a decision concerns only the complaint it was made about.