Barclays bank has become embroiled in a fresh mis selling scandal after the ombudsman found evidence that some households were misled into taking out loans to put solar panels on their roof the.
Barclays finance solar panels.
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Around a million homes in the uk are fitted with solar panel systems.
The bbc says that two defunct companies pv solar uk and myplanet are accused of mis selling loans from barclays bank to fund domestic solar pv systems supplied and installed by them.
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Thousands of customers have complained about being mis sold finance for the installation of solar panels on their homes roof according to a bbc news report.
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Loans for solar panels were taken out through barclays bank which said.
However a number of homeowners have filed complaints with the financial services ombudsman alleging they were misled about the savings and financial return they d see from the systems.
Barclays is facing a 38 5 million bill to compensate households over solar panel loan mis selling and other failings by businesses that brokered its finance deals barclays partner finance a.
Where customers have cause to complain we.
Joan and david rowe from upminster essex fell victim to a door to door solar panel salesman who signed them up for a 14 000 loan claiming they would be better off.
Barclays partner finance agreed to refund the customer 6 476 22 after solar home energy ceased trading as customer financed the purchase through barclays partner finance.
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