By Daily Mail Reporter PUBLISHED: 14:19 EST, 14 January 2013 | UPDATED: 15:45 EST, 14 January 2013 A millionaire property developer and his wife, who say they were ruined because of a simple banking error, have lost their High Court claim for more than £3milion in damages. Michael and Carol Ann Gatt are now faced with a £1million legal bill after they were left living in a bungalow on a building site near their former home - £4million Melksham Court, a Cotswold country estate once sought after by the actor Hugh Grant. The couple, both 66, claimed Barclays wrongly told credit reference agencies Mr Gatt was over his agreed overdraft limit, ruining his credit rating and killing their business.
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Michael and Carol Ann Gatt were left living in a bungalow on a building site
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They claimed Barclays wrongly told credit agencies Mr Gatt was overdrawn
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Judge rejected claims and Mr Gatt and his wife - who says she has £30 remaining in her account - now face legal bill of £1m
The judge allowed a counterclaim by the bank for the repayment by @placeholder of £847,287 in outstanding loans and overdrafts, as well as £80,000 in costs.