Paragon Bank Plc
Financial Ombudsman decision DRN-5008765 Not upheld
Not upheldoutcome, as published by the Ombudsman
—no sum stated
Mon Oct 07deadline 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
In the Ombudsman’s words
Mr C complains that Paragon Bank PLC was irresponsible in lending him a buy-to-let mortgage in 2007 because it didn’t carry out proper checks to make sure he could afford itIrresponsible lending
Source
This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-5008765.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.