Submitted on Tuesday 24th July 2018
Rejected on Wednesday 1st August 2018
Current status: Rejected
Rejection code: irrelevant (see below for details)
Hold Bank of Scotland accountable: mis-selling of Shared Appreciation Mortgages
Between 1996 & 1998 Bank of Scotland mis-sold shared appreciation mortgages. Aimed at vulnerable pensioners, now in their 80s. Result: now trapped in homes with insufficient equity to buy another as liable to pay 50% / 75% of appreciation to the bank.
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Correspondence with:
Financial Conduct Authority
Financial Ombudsman
Chair of the Treasury Committee
MP for Outer York
Group Executive Officer of Lloyds Bank
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The Government e-Petitions Team gave the following reason:
This would be the responsibility of the Financial Conduct Authority, which is independent of the Government and Parliament.
3.137.188.11 Mon, 06 May 2024 02:52:25 +0100
