Barclays Self Funding Solar Panels

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.

Barclays self funding solar panels.

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 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. Barclays partner finance solar panels missold. Shawbrook bank was contacted for comment.

The company has set aside 38 5m part of which is to fund payouts. 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. I have received 35 less generation than the contact said i would produce annually. If you already have solar panels this won t affect you you ll still get your payments.

In december 2018 the government confirmed its intention to end solar panel incentive payments on 31 march 2019 meaning people who have solar panels installed after this won t receive payments for generating electricity or exporting it to the grid. Barclays partner finance part of the wider banking group sold financing arrangements for solar panels between 2011 and 2015. That they will not cost you a penny you now know nothing could be further from the truth. Barclays said a 38 5million fund had been set up to compensate customers across a number of different product areas including solar panels.

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. Lincoln green solicitors are acting for hundreds of people who were tricked into purchasing solar panels.