Katywilliams
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Good luck . I had mine - they send well trained people who simply tell you no one anticipated this and there is nothing that can be done . To be honest Barclays see this as an opportunity to make more money - they let you break at a profit to them - they lend you the money at a much higher rate It's a disgrace and unless we take action they just walk over us
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Barcap are an absolute disgrace and totally conned people into this product and then immedialtyl offloaded the risk into the market - up or down they make 20% margin for absolutely no risk - hence they simply didn't care about the risk . I am gathering a list of people conned in this way - no meeting - no explanation of risk - no explanation of breakage costs - no due dilligence I have threatened to sue and they are running scared. I borrowed £1m and they want £250,000 to break and is costing me £5,000 a month !!!! I really do think they will settle . Let's take collective action and cause maximum publicity, There are 100's in The same boat. If we can get 10 people together then we can share the risk. Anyone interested ?
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