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C&G lets Ombudsman dual policy ruling lie

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  • 01/07/2002
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Cheltenham & Gloucester (C&G) has decided not to challenge the ruling by the Financial Ombudsman tha...

Cheltenham & Gloucester (C&G) has decided not to challenge the ruling by the Financial Ombudsman that its dual mortgage policy was unfair. This means hundreds of C&G borrowers could be in line for compensation. Halifax and Nationwide have lost similar cases and Abbey National is awaiting a ruling expected soon. Nationwide has decided to compensate all affected borrowers, while Halifax will only compensate those who lodged a complaint before 1 March 2002.


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