Clydesdale Bank Plc
Financial Ombudsman decision DRN3118971 Upheld
Upheldoutcome, as published by the Ombudsman
£150,000redress stated in the decision
Tue Mar 03deadline 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, Product mis-sold
In the Ombudsman’s words
The loan had a fixed interest rate for the first five years.Interest and rates
He reasoned that the company would not have agreed to the loan if it had realised how large the break costs might be.Product mis-sold
Source
This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN3118971.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.