Bank Charges Test Case Article discussion

mcmac

these delays in the outcome seem to be a joke excuses followed by excuses

i will not be voting for labour

the repayments could help alot of people during this credit crunch which was caused by the banks in the first place
my business also went down due to it

also is their any discussion on mortgage charges if so can someone put up a link or pm me

natweststaffmember

mcmac wrote: »

these delays in the outcome seem to be a joke excuses followed by excuses
What delays??? There have been no delays, the Supreme Court judges are deciding the verdict and all of us are speculating when they will have their decision
i will not be voting for labour
It is not a political decision but a legal one
the repayments could help alot of people during this credit crunch which was caused by the banks in the first place
my business also went down due to it
Businesses are not involved in the OFT test case and the current court case is about if the terms that causes the charges are assessable for fairness.
also is their any discussion on mortgage charges if so can someone put up a link or pm me

I think the mortgage charges providing it is not for leaving a fixed rate deal early are reclaimable in the same way as bank charges.

stapeley

I think that as the credit card industry agreed that a £12 charge was fair ,and have refunded the difference to those that have claimed it . It is reasonable for the banks to agree to use the same charges . My partner has put in a claim with this in mind , so here is hope they stop messing about and get it sorted .

natweststaffmember

stapeley wrote: »

I think that as the credit card industry agreed that a £12 charge was fair ,and have refunded the difference to those that have claimed it . It is reasonable for the banks to agree to use the same charges . My partner has put in a claim with this in mind , so here is hope they stop messing about and get it sorted .

The banks have never defended their charges in a court where a precedent can be set. In fact the OFT report on default fees and credit cards in 2006 stated that only a court can decide on what is a fair fee. The £12.00 was an interim measure.

mcmac

i've only come across Reclaim Mortgage Exit Fees but not arrear charges can't find anything here on the search

natweststaffmember wrote: »

I think the mortgage charges providing it is not for leaving a fixed rate deal early are reclaimable in the same way as bank charges.

natweststaffmember

mcmac wrote: »

i've only come across Reclaim Mortgage Exit Fees but not arrear charges can't find anything here on the search

If you are claiming the penalty fee for leaving a mortgage then you need to be very careful but I am not an expert at all on these types of reclaim.

bagpuss27

bagpuss27 wrote: »

Ok I'm glad I still have that information to hand. Do I have to start again with the same standard letters as before, knowing full well that Abbey have put all refund cases on hold?

OK I'm back again, I sent the first letter and as expected received a standard response. I don't qualify for hardship response. Abbey said they logged the complaint in their standard letter response. Do I send a "letter before action" or do I simply go straight to logging complaint with ombudsman?

gjs1701

The House of Lords is supposed to announce its decision in the OFT test case in October, isn't it?

We are almost in November, any news of when this might happen?

natweststaffmember

bagpuss27 wrote: »

OK I'm back again, I sent the first letter and as expected received a standard response. I don't qualify for hardship response. Abbey said they logged the complaint in their standard letter response. Do I send a "letter before action" or do I simply go straight to logging complaint with ombudsman?

The acknowledgment puts you in the queue.

natweststaffmember

gjs1701 wrote: »

The House of Lords is supposed to announce its decision in the OFT test case in October, isn't it?

We are almost in November, any news of when this might happen?

There is no timescale on their decision but October was what most of us thought but it may not necessarily happen until next months. We are awaiting the judiciary to make a decision so we are all waiting.