50% Offer To Turn Down

[bobdole]

I have just got a 50% offer from the Abbey, I want to turn it down. Is there a letter template somewhere, I can't find one in the template section.

[jonni2bad]

You should accept the offer on the basis that you will proceed with your claim for the remainder, at which point it is highly likely that they will withdraw it, leaving you to proceed to the next stage.

 

If their offer is "full and final" however, then you can proceed to the next stage regardless, since they have not met your request for a full refund.

[Spiceskull]

No template per se - however, you have two options:

 

• Reject the offer outright, and stress your intention to claim for a FULL and unconditional refund
  
• Accept the offer, and be implicit in stating that it is NOT accepted in full and final settlement, and that you intend to pursue the bank for the remainder of your claim.
  

 

Good luck.

[Natasha]

I personally would decline their offer and press for the full amount, as history goes you will get the full amount back if you do this

 

best wishes

[heppy23]

You've got them on the ropes, now it is time for the knock out punch.

Go for the full amount. Their offer of half is a trick to try and dazzle you with apparent kindness and save paying the full amount back.

[britbrick]

I too have had a 50% offer, in 'full and final settlement'. If I don't accept this, and get an 'allocation letter', do I then have to appear at Northampton and defend the case against a barrister, or does the court decide without having to appear? Have other people been through this and has everyone won?

[alanfromderby]

britbrick - Can you please post the question on your own thread.

[jonni2bad]

Hi britbrick

 

It's important that we don't cloud posts with different questions from different users, so please post any questions you have seperately.

 

But for now...

I too have had a 50% offer, in 'full and final settlement'. If I don't accept this, and get an 'allocation letter', do I then have to appear at Northampton and defend the case against a barrister, or does the court decide without having to appear? Have other people been through this and has everyone won?

 

You are under no obligation to accept this, since it is less than you are claiming for.

 

Without you specifying what stage you are at, it's difficult to offer much advice. But the chances of a bank attending court to defend themselves is somewhere between slim and none. If you start another thread with greater detail, you will get a much more in depth response.

 

John

[Pere Ubu]

They offered me 50% in a letter and gave an email address if would be easier to correspond that way. I did email and said no to 50%. Then they increased it to 75%. I said no then they said 100%. This was done in a day started at about 11am with my first email by 3pm it was 4k.

It takes a bit of nerve but just hang in there and go for it.

[jonni2bad]

Excellent news Pere

 

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[bobdole]

This topic was closed on 09 March 2019.

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