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Bank loan has trapped me in my home |
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Nine years ago, Sheila Jones borrowed £44,000 from HBoS bank. Now it is demanding an astonishing £290,000 to clear her loan and she must decide between losing her home or staying on and watching it crumble around her. She is among thousands of homeowners saddled with controversial shared appreciation mortgages.
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SAFE, HBOS TALK OVER SAMS |
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SAFE (Struggle Against Financial Exploitation Limited) and leading bank HBOS have met for a second time to discuss Shared Appreciation Mortgages (SAMs). Meeting with SAFE in London on September 25, HBOS representatives confirmed that they were reviewing whether a hardship scheme was a feasible option but stressed that there was no certainty that a mutually acceptable solution could be found. SAFE’s aim is to find a fair solution for customers poorly served by the1997-1998 SAM schemes. |
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UBS Grabs 1bn from pensioners |
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Swiss bank to cash in as secret backer of controversial UK mortgage schemes
by Richard Dyson, Financial Mail -19/08/2007 -Page1 |
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TORTURE FROM A BANK THAT WON'T RELENT |
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| Years of protest forced Barclays to rescue SAMS Victims, but why is HBOS still holding out? by Richard Dyson, Financial Mail -19/08/2007 -Page9
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ITV - Tonight with Trevor McDonald: Equity Release Update |
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Tonight update on March 19's show which looked at the victims of Home Income Plans and Shared Appreciation Mortgages. SAM customers who think they may be eligible for the Hardship Scheme should call 0800 023 2981 or SAFE on 0208 630 9990 . |
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