News Tag: Hilary Messer

January 25, 2009

SAMS mortgage holders up stakes in compensation battle

by Gill Montia
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, when around 15,000 people ...

---