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The Mortgage Clinic Ltd

Financial Ombudsman decision DRN4708695 Not upheld

Not upheldoutcome, as published by the Ombudsman
—no sum stated
Fri Apr 01deadline 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

Product mis-sold

In the Ombudsman’s words

gave him unsuitable advice when he re-mortgaged his property in 2004 on an interest only basis with no method of repaying the capitalProduct mis-sold

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN4708695.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.