BBL Complaints

BBL Complaints and Outcomes

How NatWest, HSBC, Lloyds, and Santander Got the Greenlight from the Financial Ombudsman Service To Decline SME’s Applications for Bounce Back Loans

March 8, 2022

I have four recent Financial Ombudsman Service (FOS) outcomes for you to peruse today, all of which relate to NatWest, HSBC, Lloyds and Santander’s treatment of SMEs who applied for a Bounce Back Loan with those banks, the FOS sided with the banks on each case. Keep in mind that the London Law Firm are still awaiting an outcome to their legal challenge on BBLs from […]

BBL Complaints and Outcomes

Being Unable to Verify His Self-Declared Turnover Led to a Business Owner Having His Bounce Back Loan Snatched Back by Santander

February 18, 2022

With many people currently still being asked to provide all manner of additional information about their business by different banks, long after their BBL was approved and drawn down, today’s case is quite apt as it gives an insight into how the Ombudsman decided, in her opinion, Santander were right to snatch back a BBL from a  Sole Trader who didn’t supply the requested information. For the record, even this week many people are reporting their banks are asking for additional information under the guise of “safeguarding” or ongoing “KYC”. If you […]

BBL Complaints and Outcomes

Santander Tell the Ombudsman They Had Strict Criteria for Anyone Applying for a Bounce Back Loan With Them – Its Somewhat Strange Therefore That So Many BBL Customers of Theirs Have Been Busted for All Manner of BBL Wrongdoing

February 9, 2022

Here is a recent case that landed on the desk of Ben the Ombudsman, it related to a Santander customer complaining that the bank would not give him a Bounce Back Loan. Ben states the reason for that is Santander carefully chose who they permitted to apply for and get a BBL with them to ensure full eligibility checks could be carried out. […]