Todays News

Please sit back and have a good look through this section of the website as it lists, in order, starting with the most recent then working backwards, each and every news story and article related to Bounce Back Loans that has been loaded up onto the website

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The Disqualification Files

Using £5k of a £50k Lloyds Bank Bounce Back Loan for a Personal Mortgage Payment at the Halifax and Paying £45k To Himself Having Over-Egged His Turnover in the First Place When Applying for that BBL Results in a Company Director Getting a 9 Year Disqualification

April 19, 2022

Overstating the turnover of a business to get a Bounce Back Loan and using any of that loan for personal benefit is always going to see the Insolvency Service getting rattled and handing out a long disqualification if that business ends up in liquidation. Today’s case ticks all of those boxes and saw a Company Director hit with a 9-year disqualification. […]

BBL Legal Advice
BBL Complaints and Outcomes

Ombudsman Does Not Uphold Complaint in Which HSBC With No Reason Given Snatched Back £18k from a Customer’s Account Balance and Demanded Repayment of the Rest of a £50k Bounce Back Loan

April 17, 2022

Hiding behind their terms and conditions has enabled many a bank, including HSBC, to simply snatch the balance from any customers account to offset a Bounce Back Loan which they are also demanding full repayment of. The Ombudsman as you will see in today’s case, often determines when someone makes a complaint, that is the banks right and does not uphold such complaints. […]

BBL Complaints and Outcomes

Jenny Lomax a Financial Ombudsman Service Ombudsman is Still Mopping Up Complaints About Bounce Back Loan Applications and Here is Another Lloyds Bank BBL Complaint That She Has Decided Not To Uphold

April 16, 2022

You only have to look at the length of time the complaint took in today’s case which relates to a Lloyds Bank BBL application to reach Jenny Lomax who is an Ombudsman at the Financial Ombudsman Service, to realise how messed up that “service” is. Ultimately having been knocked back by a case handler it was passed to her for a final decision. […]