Recent changes in the Consumer Credit Act 1974 mean that holders of Shared Appreciation Mortgages (SAMS) sold by HBOS and Barclays may be able to obtain compensation. SAMS were a form of equity release sold during the 1990s. They provided a loan secured against the future equity growth of a property. Under the arrangement, the SAMS provider is [...]
New hope for SAMS mortgage holders
