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Bank of Scotland Plc
Financial Ombudsman decision DRN9659160 Not upheld
Not upheldoutcome, as published by the Ombudsman
—no sum stated
Sun Nov 11deadline 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
BM didn’t carry out a formal valuation at the time. But using an index, it noted that there was little or no equity in the property. This was recorded in the mortgage offer.Mortgage administration
Source
This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN9659160.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.