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Principality Building Society
Financial Ombudsman decision DRN3068625 Not upheld
Not upheldoutcome, as published by the Ombudsman
—no sum stated
Mon Jan 30deadline 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
In the Ombudsman’s words
Mr and Mrs D complain that Principality Building Society has unfairly and unreasonably added to two years to the length of their mortgage, and wants to charge an early repayment charge (“ERC”) if endowment monies are used to reduce the mortgage balance.Mortgage administration
Source
This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN3068625.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.