Shared Appreciation Mortgage

255 Posts


Hi guys
As executor of my recently deceased father's will I see that he has a Bank of Scotland SAM in place.
I understand that these products were successfully challenged in the courts a few years ago but BoS chose to ignore the ruling and fight on.
Can anyone tell me what the current situation is please?
Thanks,
Gary
As executor of my recently deceased father's will I see that he has a Bank of Scotland SAM in place.
I understand that these products were successfully challenged in the courts a few years ago but BoS chose to ignore the ruling and fight on.
Can anyone tell me what the current situation is please?
Thanks,
Gary
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The articles I have read regarding this refer to the case being before the High Court in early October. Has anyone come across any more information on where it is currently?
Anecdotal evidence that I've heard is that the reason Barclays caved was because they weren't sufficiently tight lipped when it came to offering 'advice'. As soon as evidence of that was uncovered it gave the regulator a chink to work with.
Advice=misselling=gotcha!
Or something like that.