BARCLAYS abused my mortgage for 8 Years

[Omar Selim]

For Eight years Barclays has abused my mortgage account. Following a dispute in which Barclays alleged that I have not paid two monthly instalments of about £1100 each, I decided to pay the monthly instalments in CASH. However, Barclays enforced on me fines of £40 monthly for arrears based on that dispute and other charges totalling about £4000.

 

 

since I was ill, I accepted too pay the penalties and the alleged arrears which made my monthly payment jump to about £1200. I continued paying all that time but when I received my annual mortgage statement I was surprised that the dates when my CASH monthly payments were credited to my mortgage account were always days, up to 9 days, after my actual payment of the cash. This, of course, makes towards more interest added to my account.

 

 

I complained to Barclays who said that was the time needed for my CASH to reach their mortgage arm WOOLWICH- which is a load of rubbish.

In took the matter to the financial Ombudsman who, as usual, sided by Powerful Barclays.

 

 

Now I intend to take Barclays to court hoping to be compensated not only for the money Barclays robbed me of but also for 8 years of suffering and stress which led to my wife being diagnosed with Cancer.

 

 

I wrote to Barclays that I'm taking it to court about a month ago and now I will writre to them again letter of starting action in court.

Any advice?

 

 

Thank you

Edited March 27, 2013 by citizenB
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[BankFodder]

Read up on MCOBS. A mortgage lender has a duty to treat you fairly and you have the right to sue if they don't.

 

There are rules about the charges which they levy. Charges must equal administrative costs.

 

How much have they taken for each charge?

[citizenB]

At what level at the FSO made their decision? You can if you wish ask for it to be escalated to the ombudsman rather than the lower adjudicator level !