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What will be the outcome of the high court case between Northern Rock 'mortgage prisoners' and TSB by end of 2024?
2
Resolution / Starting Odds
Ruling in favor of Northern Rock 'mortgage prisoners' • 25%
Ruling in favor of TSB • 25%
Case dismissed • 25%
Settlement reached • 25%
High court ruling, publicly available legal documents
Story
Northern Rock 'Mortgage Prisoners' Sue TSB Over Loan Exploitation, Seek £30,000 Compensation
Jul 23, 2024, 05:17 AM
Thousands of 'mortgage prisoners' who were borrowers from Northern Rock are suing TSB, the high street bank that acquired their loans through a subsidiary. These borrowers, who were unable to move to lower interest rates or leave old deals after the collapse of Northern Rock in 2008, allege that TSB exploited them. The case will be heard at the high court today. There is a possibility that the affected borrowers could receive £30,000 in compensation.
View original story
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Yes • 50%
No • 50%
All appeals denied • 25%
Some appeals granted • 25%
All appeals granted • 25%
No appeals filed • 25%
Petition dismissed • 25%
Petition resolved with settlement • 25%
Petition leads to liquidation • 25%
Other outcome • 25%
Guilty • 25%
Not Guilty • 25%
Settled • 25%
Dismissed • 25%
CFPB wins the case • 25%
CFPB loses the case • 25%
Case is settled out of court • 25%
Case is dismissed • 25%
Settled out of court • 25%
Pontins found liable • 25%
Pontins not found liable • 25%
Case dismissed • 25%
Found guilty • 25%
Found not guilty • 25%
Settled out of court • 25%
No action taken • 25%
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Ruling upheld • 25%
Ruling partially modified • 25%
No appeal filed • 25%
Fine upheld • 33%
Fine reduced • 33%
Fine overturned • 33%
Appeal Successful • 25%
Appeal Partially Successful • 25%
Appeal Unsuccessful • 25%
No Appeal Filed • 25%