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The Guardian - UK
The Guardian - UK
Business
Rupert Jones

UK banks face lawsuits over mortgages that left people with huge debts

Barclays Bank of Scotland
A man walks past a branch of Barclays bank
Barclays was one of the banks that sold the mortgages at the centre of the legal action. Photograph: Tolga Akmen/AFP/Getty Images

Two of Britain’s biggest banks face being sued over “unfair” mortgages that have left some people owing up to 20 times the sum they originally borrowed.

The law firm Teacher Stern is bringing group actions against Barclays and Bank of Scotland in an attempt, it said, to win justice for two new groups of claimants comprising current and former customers and their next of kin.

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