European court in Strasbourg ruled 'fixed minimum rate mortgages' as miss selling

dementia_barclays

Barclays sold my mum a 'fixed minimum rate mortgage'.
Never goes below 5% but has gone as high as a skyscraper in the last 45 years!

European court in Strasbourg ruled similar deals (Clausula Suelo), from Banks including Barclays, as miss selling in Spain & refunds have begun.
When are UK victims going to get justice?

antrobus

dementia_barclays wrote: »

Barclays sold my mum a 'fixed minimum rate mortgage'.
Never goes below 5% but has gone as high as a skyscraper in the last 45 years!

Your mum has had a Barclays mortgage for 45 years?

dementia_barclays wrote: »

European court in Strasbourg ruled similar deals (Clausula Suelo), from Banks including Barclays, as miss selling in Spain & refunds have begun.
When are UK victims going to get justice?

Banks including Barclays and Santander face a €5bn (£4bn) bill after a Spanish court ruled that millions of fixed minimum rate mortgages were null and void because of the “lack of transparency” in the way they were sold during the property boom.

https://www.theguardian.com/business/2016/apr/08/spanish-consumers-win-victory-over-mortgage-payments-barclays-santander-class-action

Whas there any lack of transparency involved with your mother?

antrobus

Oh, hang on a minute, deja vu just hit me.

https://forums.moneysavingexpert.com/discussion/5908624/barclays-taking-house-off-76yr-old-with-dementia-as-interest-only-mortgage-has-expired&page=2

Asked and answered I'd say.

dementia_barclays

This post is purely on 'fixed minimum rate mortgages'

Whilst not outlawed, every one of these mortgages sold in Spain were deemed as being miss sold.

Can only presume they imagine, no-one would have bought them had they been explained. And only someone unsafe to make financial descisions or financially insecure, would have signed up, if told properly.

PPI had lots of supporters no doubt, when that 'product', came into question.

Thrugelmir

dementia_barclays wrote: »

Whilst not outlawed, every one of these mortgages sold in Spain were deemed as being miss sold.

Different country. Different regulations.

Irrelevant to any point you are trying to make.

csgohan4

OP stop clutching at straws and sort your mother's house out for the repossession

Brock_and_Roll

As others have pointed out, whether or not there was "miss-selling" involved, the OP needs to deal with the "here & now".

Aside from the fact that the UK is leaving the EU and may no longer be bound by court decisions & precedent from Strasbourg, even if a class action for miss-selling this type of mortgage was started today, it could be a decade or more before any final decisions/pay-out.

DCFC79

Any news OP ?