Rejected petition 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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More details

Correspondence with:
Financial Conduct Authority
Financial Ombudsman
Chair of the Treasury Committee
MP for Outer York
Group Executive Officer of Lloyds Bank

This petition was rejected

Why was this petition rejected?

It’s about something that the UK Government or Parliament is not directly responsible for.

This would be the responsibility of the Financial Conduct Authority, which is independent of the Government and Parliament.

We only reject petitions that don’t meet the petition standards.

Date submitted 24 July 2018
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