ALLICA BANK LIMITED
Financial Ombudsman decision DRN-5414112 Upheld
Upheldoutcome, as published by the Ombudsman
£6,000redress stated in the decision
Tue 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
Mortgage administration, Service failure
In the Ombudsman’s words
Allica Bank Limited sent incorrect redemption statements for their secured commercial loan.Mortgage administration
Allica made errors in the March 2024 redemption statement – the amount quoted was too low by about £6,000.Service failure
Source
This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-5414112.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.