Fri, 24 May 2013
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Barclays, HBOS face £850m law suit
Careful reading of 'Your Questions Answered' on the SAFE website re Shared Appreciation mortgages makes clear that the action against HBOS and Barclays follows fresh changes in consumer protection law. The changes are retrospective, so the action by affected pensioners is perfectly legitimate. The banking industry pulled a fast one on some of the more vulnerable members of society, yet again. I for one - a non-beneficiary - wish the SAM victims success!
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