Solar Panels Financed By Barclays

You believe you were mis led about the performance of the solar panels because you were told the system would produce a financial benefit that is not being achieved.

Solar panels financed by barclays.

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. We always seek to ensure customers are satisfied with our financial products. Barclays is one of a number of institutions reportedly under investigation over high pressure sales tactics and mis selling of loans to fund domestic solar panels by david campbell posted 8 may 2018. Solar loans can fund your solar panels and installation.

Barclays said a 38 5million fund had been set up to compensate customers across a number of different product areas including solar panels. You purchased or paid a deposit for the panels using a method of finance either a finance agreement or credit card the panels were purchased within the last 6 years. 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. Around a million homes in the uk are fitted with solar panel systems.

Where customers have cause to complain we. Compare ways to pay for your solar system including personal loans and home equity financing. 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. 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.

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.