HSBC Bank plc

Financial Ombudsman decision DRN5799197 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

In the Ombudsman’s words

Mrs and Mr N complain that HSBC Bank Plc’s insistence that business borrowing be secured against their property on an interest-only basis with no means of repayment, was irresponsible.Irresponsible lending

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN5799197.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.