SAMS mortgage holders up stakes in compensation battle

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SAMS mortgage holders up stakes in compensation battle

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01-26-2009, 03:39 AM

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SAMS mortgage holders up stakes in compensation battle

A group of 222 homeowners trapped in shared appreciation mortgages (SAMS) have begun a new stage in their fight for compensation by sending out a letter before legal action to Barclays and HBOS (now part of Lloyds Banking Group). SAMS are a form of equity release sold by Barclays and HBOS during the late 1990s, [...]

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