Topaz Finance Limited

Financial Ombudsman decision DRN-4414112 Not upheld

Not upheldoutcome, as published by the Ombudsman

—no sum stated

Mon Apr 22deadline 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, Interest and rates

In the Ombudsman’s words

The 2007 lending was irresponsible. The loan-to-value was 100%.Irresponsible lending

Had not administered the interest rate on the mortgage fairly – and had overcharged them.Interest and rates

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-4414112.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.