Barclays (Woolwich) Charges

primillo

Hi All

I could do with some thought on how to approach this situation.

Barclays alleges I have a mortgage shortfall of £890, although only £750 reported on my credit file each month. The shortfall is from the sale of my property in February 2011.

I estimate I paid at least £800 in arrears fees and charges over the term of the mortgage account which I want to reclaim from Barclays. Unfortunately I don't have a statement anymore to know the exact figures.

Now Barclays have sent letters from time to time but have not been persistent in chasing me for the alleged shortfall. My fear is if I sent the reclaim letter in it may make them more aggressive in recovering the shortfall and worst case scenario, going for a CCJ against me.

Would it be smarter to attempt to get a full and final settlement offer accepted and paid before I launch my claim?

dunstonh

Now Barclays have sent letters from time to time but have not been persistent in chasing me for the alleged shortfall.

They have sent you letters. So, that is enough.

My fear is if I sent the reclaim letter in it may make them more aggressive in recovering the shortfall and worst case scenario, going for a CCJ against me.

That is a possibility. It may be that it drops off naturally over time and becomes statute barred and you are better off letting sleeping dogs lie. If you start a process against them, it may focus their minds on the debt you owe.

It should be noted that most mainstream banks dont have an issue with mortgage related charges. So, they could play hardball and expect to win in most cases. The best option maybe to negotiate at settlement with them.

If you do negotiate a reduced settlement with them you wouldnt need to complain.

[Deleted User]

primillo wrote: »

Would it be smarter to attempt to get a full and final settlement offer accepted and paid before I launch my claim?

You might be wiser just seeking a reduced settlement, but any successful complaint subsequent to that is liable to be offset against any monies they write off as part of the settlement.
http://www.moneysavingexpert.com/banking/setting-off