Teacher Stern LLP are pleased to announce that they have successfully negotiated a settlement with Barclays Bank on behalf of 37 clients who took out Shared Appreciation Mortgages in the late 1990s.
While the details of the settlement are confidential Teacher Stern LLP are proud to have concluded settlement on behalf of their clients who had suffered years of uncertainty about their homes and losses that in some cases amounted to hundreds of thousands of pounds.
The SAMs Litigation Team, led by David Bowman and Rajesh Pabla are now fighting on behalf of over 150 claimants in an action against Bank of Scotland (part of the Lloyds Banking Group) who have thus far not been prepared to reach a negotiated settlement. Consequently a claim has been commenced against that Bank and will be before a High Court Judge in early October.
Teacher Stern LLP are not presently taking on new clients but those affected by SAMs may wish to continue to watch this space.
