Church of England criticised for mortgage scheme with widowed vicar's debt reaching £313k.
The Church of England faces criticism for allegedly acting like a loan shark after a widowed vicar's debt reached £313,000 from a church mortgage. The widow, whose identity was protected, paid interest for nearly 29 years but did not directly address the debt in a statement. The mortgage scheme offered to retiring clergy between 1983 and 2008 allowed them to become homeowners, but with added interest and a percentage guaranteed to the church upon sale.
March 17, 2024
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