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Barclays Bonds - Way Out?
FightingFifth
Posts: 1 Newbie
Greetings All, my first post here.
Currently I have £11K locked away in a Barclays Generic Bond which is no due to mature until 2016. At the time I took it out, buying our first home was still a long way off...
Today however, we're not far off completing - and to cut a long story short, could really do with this money to pay the Solicitor. The alternative is more borrowing - which seems counter-intuitive a bit.
We have written to Barclays and they have simply referred us to their Ts&Cs, which they are perfectly entitled to do.
Is there any way we can 'sell' this bond - or any other method we could use to release the funds?
Grateful for any ideas and suggestions.
Yours,
FF
Currently I have £11K locked away in a Barclays Generic Bond which is no due to mature until 2016. At the time I took it out, buying our first home was still a long way off...
Today however, we're not far off completing - and to cut a long story short, could really do with this money to pay the Solicitor. The alternative is more borrowing - which seems counter-intuitive a bit.
We have written to Barclays and they have simply referred us to their Ts&Cs, which they are perfectly entitled to do.
Is there any way we can 'sell' this bond - or any other method we could use to release the funds?
Grateful for any ideas and suggestions.
Yours,
FF
0
Comments
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Death is the normal way to get access to the money early. Not something I recommend
You are at the goodwill of the bank. It is not a goodwill they can often exercise as the money tends to be used to pay investors or go towards borrowing. However, they do tend to listen to individual circumstances and if yours is compelling enough they may give in. I'm not sure house purchase is compelling enough (unless you happen to be using them for a mortgage).I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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