THE FINANCIAL OMBUDSMAN PROTECTING BUILDING SOCIETY REGARDLESS OF THE COUNSOMER RIGHTS
In recent complaint to the financial ombudsma in general was regarding skipton building soiciety who did not honour they mortgage agreement Skipton had guaranteed approximately 65,000 people that its SVR would not be more than 3% points above the Bank of England base rate. However as of 1st March 2010 Skipton increased its SVR to 4.95% claiming that the SVR of 3%:"was not sustainable in the long term particularly in view of the cost of attracting retail funding. Fundamentally, it is in reaction to the impact on the UK savings market of the Bank Base Rate plummeting to such an unprecedented level of 0.5%”. As a result of the above Skipton argue that the "exceptional circumstances” clause in borrower contracts is triggered allowing Skipton to not honour the "Guaranteed” lower rate.
the exception cirumstance which they claim does effect ...
WOULD IT MAKE ANY SENCE THAT THE FINANCIAL OMBUDSMAN WHO ACT ON BEHAVE OF ALL OVER UK CITIZEN AGAINST BANKS AND BUILDING SOCIETY GETTING PAID BY THE BANKS AND THE BUILDING SOCIETY .
Recently we have notice a very strange movement from the financial ombudsman in 2 differen cases the financial ombudsman simply taking the side of the banks of the building society all the way through first by ignoring the matter for a year claiming they are so beasy and when they look at the complaint here what is happen
previously we have spoken about skipton building society and howthe financial ombudsman protected them and here is some more information how did they do so
1-first ignoring your complaint
2- the long list to protect the bank or building society every thing and action by the bank to ...
