Can I sue Barclays

revolu

I have a consumer mortgage with db mortgages which is uk 3 month libor +2.5% since 2006.
Now since barclays have been fined for manipulationg this can I sue them, maybe something similar to a ppi claim?

nikki1520

You can, with a little patience and money, and a fair bit of form filling, sue anybody ytou like (up to the point where you become a vexatious litigant anyway)

However, you will have to be able to demonstrate what you have lost in order to be compensated for it. I'm sure some maths whizz could work out how much you would have saved - I am not that maths whizz sadly.

I would think it likely that the entire population of the country has been affected, plus a lot of people in the US. You've overpaid on your mortgage, savers have had less return on their money, and so on it goes.

I suspect if there is any way of crystalising an individual loss, there will be a template letter on here at some point. If it comes to that, i may be tempted to fill one out myself

Good luck

betmunch

Yes you can sue them.

Simon_gloster

+1, fill your boots.

revolu

nikki1520 wrote: »

You can, with a little patience and money, and a fair bit of form filling, sue anybody ytou like (up to the point where you become a vexatious litigant anyway)

However, you will have to be able to demonstrate what you have lost in order to be compensated for it. I'm sure some maths whizz could work out how much you would have saved - I am not that maths whizz sadly.

I would think it likely that the entire population of the country has been affected, plus a lot of people in the US. You've overpaid on your mortgage, savers have had less return on their money, and so on it goes.

I suspect if there is any way of crystalising an individual loss, there will be a template letter on here at some point. If it comes to that, i may be tempted to fill one out myself

Good luck

Well I am hoping some claims companies will take this on, my mortgage was DIRECTLY LINKED to libor.
Thing is back in 2006-2007 libor spiked and I really struggled with cash and got some defaults, now if my mortgage was a few pounds less, who knows!!! I'm blaming barclays anyhows

Simon_gloster

Deutche Bank's mortgages were tailored to a specific market back then. LIBOR linked mortgages would have been disclosed and agreed by both parties on the form of a legal contract.

May I ask, if you have the money for legal fees and a sols willing to take it on, how you will win? Genuinely intreged.

Back of the net (Partridge 2nd series).

The_J

LOL yeah go for it.

Lawyers never lose do they, I chose the wrong career. I love arguing and I love money, should've joined the dark side.

Simon_gloster

OP, see if your Vanquis credit card was also linked to LIBOR.....double whammy time.

revolu

Simon_gloster wrote: »

Deutche Bank's mortgages were tailored to a specific market back then. LIBOR linked mortgages would have been disclosed and agreed by both parties on the form of a legal contract.

May I ask, if you have the money for legal fees and a sols willing to take it on, how you will win? Genuinely intreged.

Back of the net (Partridge 2nd series).

Not sure what your saying, yes I agreed to a libor mortgage at market rates, not frigged rates. Still got the mortgage now and quite happy with deal.

I dont have any legal fees or solicitor organised, fired a few emails to some solicitors to take on as no win no fee.

I think I have a case.

ACG

No solicitor will take this on a no win no fee basis.

If you intend to take this to court you need deep pockets.

Simon_gloster

Clowns pockets at a minmm full of £50 notes.

Let us know if you pursue this and how you get on.