Lloyds Bank to repay £300m to 600,000 customers - around £350 each - over botched mortgage payment collections, heaping pressure on its Portuguese boss



Lloyds is repaying almost £300million to 600,000 mortgage customers over mistakes when it collected their payments.
The cash will be handed back to borrowers who fell behind and faced errors in the way their arrears were collected.
Bosses will unveil the scheme in results tomorrow morning alongside an extra pay-out for victims of PPI mis-selling – a separate debacle which has already cost Lloyds £17.4billion.
The average mortgage customer due a refund will get £350 in repaid fees and interest. 
Those affected will be contacted by Lloyds and do not need to get in touch with the bank... read more

 
27 July 2017 in Business, Views: 57
Source: Daily Mail
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