Shawbrook Bank Limited

Financial Ombudsman decision DRN-6450244 Not upheld

Not upheldoutcome, as published by the Ombudsman

—no sum stated

Wed Jul 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, Product mis-sold

In the Ombudsman’s words

Mr and Mrs W’s credit relationship with the Lender had been rendered unfair because undisclosed commission had been paid by the Lender to the Supplier.Irresponsible lending

The Supplier had misrepresented the Fractional ClubProduct mis-sold

Rules cited

Consumer Credit Act 1974, FCA DISP (Dispute Resolution), Financial Services and Markets Act 2000

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-6450244.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.