Once hailed as “one of the most innovative developments” in the home loan market and “the bedrock of financial planning for millions”, the Shared Appreciation Mortgage which was offered to consumers by the Bank of Scotland (now part of the Lloyds Banking Group) and Barclays Bank in the 90s, soon revealed itself as a grossly unfair product with bitter consequences for those who availed themselves of it. Teacher Stern has assisted many in their plight against these banks to strike out the loans or modify the product terms to make them more just and is currently representing 160 Claimants against the Bank of Scotland with trial due to take place in early 2024.