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Barclays offset morgage - watch out
treforsouthwell
Posts: 12 Forumite
Hi,
For those who have the Barclays offset morgage watch out, they are sending out letters saying that unless you tell them otherwise they are capping your credit limit and you _wont_ be able to increase it again! If you phone them up you can tell them _not_ to add a cap, but otherwise they are basically taking away the additional borrowing you have on your account and then, most likely, will want to charge you extra if you need to borrow more on the future.
This seems like a sneaky way for them to charge you more in the future, I guess because they don't like the base rate + 0.5% deals they did.
Trefor.
For those who have the Barclays offset morgage watch out, they are sending out letters saying that unless you tell them otherwise they are capping your credit limit and you _wont_ be able to increase it again! If you phone them up you can tell them _not_ to add a cap, but otherwise they are basically taking away the additional borrowing you have on your account and then, most likely, will want to charge you extra if you need to borrow more on the future.
This seems like a sneaky way for them to charge you more in the future, I guess because they don't like the base rate + 0.5% deals they did.
Trefor.
0
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