Lloyds' blunder 'cost woman pounds 10,000 pay'
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.A woman awarded nearly pounds 80,000 after she and her partner were given bad advice on a property deal by a bank said yesterday she had been too distressed to work as she struggled to make a profit on the property.
Julia Verity, a teacher, who is claiming loss of earnings against Lloyds Bank, told the High Court in Leeds she could not face her job because of the distress caused by money worries.
Mrs Verity, 55, and her boyfriend Richard Spindler, 36, were awarded damages of pounds 77,529 last September from the bank after a manager gave them bad advice on a home loan.
Mrs Verity, of Henley-on-Thames, Oxfordshire, is claiming pounds 10,682 loss of earnings because of the bank's blunder.
The couple had borrowed pounds 150,000 to buy and renovate a house in Henley as a business project and intended to sell it for a profit a year later. But the property market slumped and in 1990 the house was sold for just pounds 135,000.
Yesterday Mrs Verity told Judge Robert Taylor she was unable to work full time because of worries caused by Lloyds Bank's advice. She is claiming that she dedicated 720 hours on the house, which could have been spent in gainful employment.
The couple have agreed a reduction on the pounds 150,000 Lloyds Bank is demanding in a counter claim. The hearing continues.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments