BBC: Photo voltaic panels: Hundreds of consumers complain
D’oh!
Robert Skillen, who was the director of the agency when Mr Thompson purchased his system, mentioned Mr Thompson’s panels would make him cash.
Mr Skillen is now in enterprise claiming to assist individuals who have been missold photo voltaic panels. He didn’t need to be interviewed.
From The BBC
By Ed Hanson BBC Inside Out, North East & Cumbria
Brian Thompson mentioned he had to make use of his retirement financial savings to pay his mortgage off
Hundreds of people that purchased photo voltaic panels have complained to a monetary watchdog that they don’t seem to be bringing them the returns they had been promised.
Many individuals took out loans to pay for panels on the promise they might save 1000’s of kilos in electrical energy prices and make cash producing energy.
They are saying they haven’t had the anticipated financial savings, and the Monetary Companies Ombudsman has had 2,000 complaints.
Barclays Financial institution has put apart £38m to take care of potential claims.
Brian Thompson from Rowlands Gill, Gateshead, informed BBC Inside Out he was contacted by a salesman for PV Photo voltaic UK however informed him he didn’t need to take a mortgage on as he was getting ready for retirement.
He mentioned he was informed the transfer would offer cash in direction of his pension, which persuaded him, and he took out a mortgage with Barclays of greater than £10,000 over 10 years.
Mr Thompson mentioned the funds he was coming back from the facility his photo voltaic panels despatched to the Nationwide Grid didn’t correspond with what he was informed.
“I needed to dip into my financial savings which I used to be placing away for retirement to pay the mortgage off. To me it was lies,” he mentioned.
The Monetary Companies Ombudsman mentioned it had acquired 2,000 complaints about photo voltaic panels
An unbiased survey of Mr Thompson’s system confirmed even after 20 years the earnings from the panels wouldn’t cowl the price of the mortgage.
Barclays provided him some compensation however Mr Thompson mentioned it was not sufficient.
PV Photo voltaic UK went into liquidation in 2017.
Robert Skillen, who was the director of the agency when Mr Thompson purchased his system, mentioned Mr Thompson’s panels would make him cash.
Mr Skillen is now in enterprise claiming to assist individuals who have been missold photo voltaic panels. He didn’t need to be interviewed.
Full article right here
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