Santander – Page 22 – Bounce Back Loan

Santander Ordered to Pay £175 for Bounce Back Loan Application Errors, Ombudsman Upholds Complaint

Santander’s multiple errors mishandled a Bounce Back Loan application, causing delays. The Ombudsman upheld the complaint, awarding £175 compensation for the bank’s failures. […]

Santander Requires Actual Turnover Despite Estimates, Ombudsman Dismisses Complaint

Santander seized a Bounce Back Loan, requiring actual turnover despite allowing estimates. The Ombudsman dismissed the complaint, upholding the bank’s review. […]

Santander Ordered to Pay £100 for Misleading on Bounce Back Loan Turnover, Ombudsman Upholds Complaint

Santander misled a customer about amending a Bounce Back Loan turnover figure, then cited fixed rules. The Ombudsman upheld the complaint, awarding £100 compensation. […]

Santander’s Turnover Checks Deny Bounce Back Loan, Ombudsman Dismisses Complaint

Santander denied a Bounce Back Loan due to rigorous turnover checks. The Ombudsman dismissed the complaint, finding the bank’s assessment process fair. […]

Three Sole Traders Given Bankruptcy Restrictions Orders for Misusing £125,250 in Bounce Back Loans

Three sole traders have been given Bankruptcy Restrictions Orders for various Bounce Back Loan misuses totalling £125,250, including inflating turnover, gambling, and personal use. These BRO’s highlight widespread abuse of the government-backed scheme. […]

Santander Seizes Bounce Back Loan After Turnover Review, Ombudsman Dismisses Complaint

Santander seized a Bounce Back Loan after reviewing turnover and usage, finding discrepancies. The Ombudsman dismissed the complaint, upholding the bank’s actions. […]

Director Banned for 6 Years for Using £49,000 Santander Bounce Back Loan as Personal Loan

A director faces a six-year ban for using a £49,000 Santander Bounce Back Loan as a director’s loan for rent and living expenses, leaving it unpaid at liquidation. The disqualification underscores misuse of pandemic relief funds. […]

Director Banned for 4 Years for Using Santander Bounce Back Loan for Personal Benefit

A director has been banned for four years for using a Santander Bounce Back Loan for personal benefit and leaving it unpaid at liquidation. The disqualification reflects misuse of government-backed financial support. […]