Call us today: +44 (0) 20 3551 6634
Nearly 200 British expatriates living in France and Spain are at risk of losing their homes due to the failure of an Icelandic bank and the mis-selling of an equity-release scheme.
Now they are fighting the matter in court so that their properties are not repossessed by administrators dealing with the affairs of Landsbanki, which collapsed in 2008, reports the Daily Mail.
Rogue financial advisors persuaded those affected to sign up to the scheme in the 90s, putting 100 per cent of the value of their homes up in order to borrow money.
They were told that the fund would grow and eventually pay off the loan, but instead it has left them with thousands of pounds worth of debt.
So far the legal battle has gone on for five years as the expats involved believe that the loans should be cancelled due to the nature in which they were persuaded to take them on.
Expatriate Healthcare specialise in providing international health insurance. Make sure you're protected. © Expatriate Healthcare
Expatriate Group.Delmon House,36-38 Church Road,Burgess Hill,West Sussex,RH15 9AE
Registered Address.35 Ballards Lane,London,N3 1XW
Tel: +44 (0)20 3551 6634Fax: +44 (0)870 428 5141Email: firstname.lastname@example.org
Short Term Healthcare Insurance
Travel Medical Insurance One Way Travel Insurance Non UK Resident Travel Insurance
About Us Useful Links Leave a Review Our Awards The Press Room Satisfaction Survey Downloads Legal Notice Underwriters Hospital List
Emergency Assistance information Short-Term Healthcare Working Abroad Insurance Thailand Health Insurance
Register as an Intermediary Opportunities for Brokers
Expatriate Group & Expatriate Healthcare are trading styles of Strategic Insurance Services Limited who is authorised and regulated by the Financial Conduct Authority (FCA). FCA Firm reference Number is 307133. Strategic Insurance Services Limited is authorised to carry on Regulated Activities in accordance with the permissions granted by the FCA under PART IV of the Financial Services and Markets ACT 2000.