THOUSANDS of Bank of The issue emerged in a
The bank then proceeded with legal action to repossess the properties and asked the customers to make additional payments towards the arrears to avoid losing their homes.
The Housing Rights Service, which supports distressed borrowers, challenged how the lender was dealing with mortgage arrears, in conjunction with three customers facing repossession.
Judge Master Ellison ruled that the Bank of
Master Ellison said the bank's behaviour had been "unconscionable".
He added: "The plaintiff is, as it were, having its cake and eating it. There may not be fraud involved, but I would certainly not regard this as fair accounting."
The Housing Rights Service said the judge's finding could have implications for thousands of mortgage holders across the
"We are currently considering the
THOUSANDS of Bank of
The issue emerged in a