Shawbrook Bank Limited

Financial Ombudsman decision DRN-6437333 Upheld

Upheldoutcome, as published by the Ombudsman

£1,000redress stated in the decision

Thu Jul 23deadline 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, Support for vulnerable customers

In the Ombudsman’s words

complains that Shawbrook Bank Limited irresponsibly lent Mr E a bridging loan secured over his propertyIrresponsible lending

He said that Mr E was vulnerable, with issues of drug dependency and compulsive spendingSupport for vulnerable customers

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-6437333.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.