Skipton Building Society

Financial Ombudsman decision DRN2031088 Not upheld

Not upheldoutcome, as published by the Ombudsman

—no sum stated

—deadline 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, Interest and rates

In the Ombudsman’s words

Mr E complains that he was induced to borrow too much because the valuation was too high, and that he should not have been allowed to borrow until aged 75.Irresponsible lending

Skipton was entitled to rely on the advice of the independent professional it instructed to carry out the valuation and I’m not persuaded that it did anything wrong in this respect.Interest and rates

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN2031088.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.