Article contributed by Nigel Clayton [2022] EWHC 1979 (Admin) Summary The High Court dismissed an application for judicial review to quash a decision of the Financial Ombudsman Service to consider standard variable interest rate changes more than six years before the complaint was made. Facts In 2006 D took out a 10-year interest-only mortgage with GMAC-FRC Ltd which subsequently vested in MAS No. 5 Ltd. It had a fixed rate of 5.64% to 31 Dec 2008 and thereafter reverted…
This content is available on our subscription plans - join today for full access to the legal library