Lloyds Bank PLC

Financial Ombudsman decision DRN7554242 Not upheld

Not upheldoutcome, as published by the Ombudsman

—no sum stated

Thu May 28deadline 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, Product mis-sold

In the Ombudsman’s words

The first relates to the lending decision itself. As there were some outstanding planning issues with the business acquired by Mr B, he says Lloyds Bank should not have lent him the funds to proceed with the purchase and that it was negligent in doing so.Irresponsible lending

Mr B, a sole trader, complains that Lloyds Bank PLC (Lloyds Bank) mis-sold him a secured loan in 2005.Product mis-sold

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN7554242.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.