We Want Our Cash... So Sell the House ; What the Hard-Faced Bank That Peddled a Controversial Mortgage Told a 72-Year-Old Widower
Summary
A grieving widower faces being made homeless by banking giant HBoS in the latest and worst case of the shared appreciation mortgage scandal that has trapped thousands of elderly homeowners. They are widows or widowers of Sam borrowers where the loan was in the name of their spouse. When the spouse dies, the bank can move to repossess the property.
This is what has happened to retired builder Roy Muckle, 72, who married widow Shirley Talbot in April 2005 and moved in with her in her house in Hayes near Bromley, Kent.See the full content of this document
Extract
We Want Our Cash... So Sell the House ; What the Hard-Faced Bank That Peddled a Controversial Mortgage Told a 72-Year-Old Widower
When he married Shirley, Roy knew she had a loan with Bank of Scotland (now HBoS after joining with Halifax) that she had taken out in her sole...
See the full content of this document