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Barclays, HBOS face £850m law suit

Barclays, HBOS face £850m law suit Confusion regarding the Shared Appreciation Mortgages (SAMs), and the relationship between SAFE and Hillary Messer of RWP Solicitors. SAFE, (Struggle Against Financial Exploitation Ltd), has worked closely with Hillary Messer/RWP Solicitors for several years on a number of matters. Hilary Messer attended and advised at the SAMs meeting SAFE arranged in Westminster, (SAFE is the Secretariat to the All Party Parliamentary Group Against Financial Exploitation, and also negotiated the SAMs Hardship Scheme with Barclays Bank Plc). More recently in harmony with SAMAG a legal opinion was commissioned, by SAFE, via RWP, to investigate the opportunity of potential legal redress for the invidious situation the SAM holders find themselves in. Many of you will know from our news letter and website www.safe-online.org the Opinion was very positive and is the catalyst for the potential ‘CLASS ACTION’ against HBOS & Barclays using a leading QC with Hilary Messer/RWP as the instructing Solicitors. In order to give as many SAM holders as possible an opportunity to be represented in the Action all avenues are being promoted to inform the several thousand SAM holders who may want to be represented. SAFE is arranging regional meetings around the country and another in the Palace of Westminster shortly, where we will be happy to meet with interested parties. Robert Owen ~ Director SAFE

7-Oct-2008

12:48 pm