Sainsbury's Bank Plc

Financial Ombudsman decision DRN0502034 Upheld

Upheldoutcome, as published by the Ombudsman

£250redress stated in the decision

Thu May 16deadline 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

Interest and rates, Mortgage administration

In the Ombudsman’s words

Mr M complains that Sainsbury’s Bank Plc offered him a loan at a higher interest rate than the advertised rateInterest and rates

it didn’t honour the agreed two month repayment holidayMortgage administration

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN0502034.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.