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R (on the application of Mortgage Agency Services Number Five Ltd) v Financial Ombudsman Service Ltd

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…

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