Nationwide Building Society

Financial Ombudsman decision DRN0693034 Upheld

Upheldoutcome, as published by the Ombudsman

—no sum stated

Fri Jul 27deadline 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

Overall, I think Clydesdale was premature in calling in Mr M’s debts.Irresponsible lending

his personal financial difficulties were caused by Clydesdale’s behaviour in respect of a limited company he owned, which I’ll call “L”. But for the mis-sale of a Tailored Business Loan (‘TBL’) to LProduct mis-sold

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN0693034.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.