Bradford & bingley

fizzy01

Hi, i had a mortgage with B&B and was give some free shares with them and because of that i also bought an extra 5 shares, a few years ago i found out that B&B folded and the government bought them out and by doing that they took my shares, is there anything i can do to get my money for the shares ?

David

ColdIron

Not a lot I'm afraid

Your Bradford & Bingley shares are worthless

http://www.thisismoney.co.uk/money/investing/article-1697946/Your-Bradford-Bingley-shares-are-worthless.html

gardner1

fizzy01 wrote: »

Hi, i had a mortgage with B&B and was give some free shares with them and because of that i also bought an extra 5 shares, a few years ago i found out that B&B folded and the government bought them out and by doing that they took my shares, is there anything i can do to get my money for the shares ?

David

Don't think you stand a cat in hells chance but somebody might be along with a different answer.......should have sold them soon after getting them

Linton

The company collapsed in the 2008/2009 crash. They were nationalised to protect the depositers savings. Dont you remember Northern Rock, RBS, BoS/Halifax...... and Bradford & Bingley?

Alexland

Still your loss servers as a useful reminder to investors of the risks of holding shares in individual companies. It's better to spread risk using funds, etc.

fizzy01

thank you everyone for your replies.

MSE_Katie

fizzy01 wrote: »

Hi, i had a mortgage with B&B and was give some free shares with them and because of that i also bought an extra 5 shares, a few years ago i found out that B&B folded and the government bought them out and by doing that they took my shares, is there anything i can do to get my money for the shares ?

David

Hi, have you ever tried to switch away from your Bradford and Bingley mortgage? I work in MSE's campaigns team and am looking to speak to B&B mortgage holders (whose loans have now been sold since its collapse), who've tried to switch to a better deal and couldn't. More on this here - https://forums.moneysavingexpert.com/discussion/5872255/bradford-bingley-mortgage-and-tried-to-switch&highlight=bradford+bingle y

badger09

@ MSE Katie

The OP hasn't been seen on MSE forum since January, so I doubt you'll get a reply.

I was going to suggest you post on the Mortgages board, but see you already have:)