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Bank of Scotland Plc
Financial Ombudsman decision DRN6046018 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
In the Ombudsman’s words
He says Halifax should forego the resulting negative equity by allowing him to sell the property for its current market value and waive any shortfall after applying the net sale proceeds against the mortgage balance.Irresponsible lending
Source
This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN6046018.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.