LLoyds Bank facing £60million lawsuit over ‘rip-off’ mortgages – as ‘160 elderly borrowers trapped in their homes’

LLOYDS Bank faces a £60million lawsuit over “rip-off” mortgages.

Lawyers claim 160 elderly people are trapped in their homes owing huge amounts.

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A High Court judge is due to hear the class action lawsuit in January that could result in the huge compensation payout.

The case relates to shared appreciation mortgages sold by the Bank of Scotland — now part of the Lloyds Banking Group — between 1997 and 1998.