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The Guardian - UK
The Guardian - UK
Business
Hilary Osborne

Northern Rock ‘mortgage prisoners’ sue TSB subsidiary that bought their loans

Customers queue to enter a branch of Northern Rock
Customers queue to withdraw savings from Northern Rock in 2007 before the bank’s collapse. Photograph: Alessia Pierdomenico/Reuters

A group of Northern Rock customers who claim they became “mortgage prisoners” after the lender’s collapse are to go to court on Tuesday to try to get compensation from the bank that bought their loans.

About 2,500 borrowers whose home loans were sold to TSB’s subsidiary Whistletree are involved in a case over what they say are inflated interest rates on their debt.

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