West Bromwich Building Society Tracker Margins Legal Action

West Bromwich Building Society Tracker Margins Legal Action

18:38 PM, 30th September 2013, About 11 years ago 3869

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West Bromwich Tracker Rate Mortgages Legal Action Group

West Bromwich Building Society Tracker Margins Legal Action

Are you affected by the West Brom Tracker Rate Hike?

If your mortgage account number begins with the number 8 you are highly likely to be one of the unlucky 41% of the mortgage customers of the West Bromwich building Society with a West Bromwich Mortgage Company account affected by the 1.9% increase in your tracker margin rate. However, if you arranged your mortgage directly with West Bromwich Building Society (i.e. not via a broker) or before 2006 the chances are that your account number will begin with the number 9 and you are not affected – YET!!! West Brom will give no assurances that mortgages with account numbers beginning with the number 9 will not be affected at some point in the future.

OUR INTENDED CLASS ACTION LITIGATION OVERVIEW

Tracker Rate Class Actions Updates

The reasons we started this campaign are very simple:-

1) We believe the actions of West Brom are immoral

2) We believe the actions of West Brom are unlawful, i.e. they have no legal grounds to increase their tracker rate margins

3) We have no wish to subsidise other areas of the West Bromwich Building Society business model

4) We are fearful of other lenders following suit if West Brom are allowed to get away with this

Mark Smith (Barrister-At-Law) said …

“Representative actions, where one person starts a case representing many others, who all want the answer to a legal question from a court such as ‘is this contract enforceable against me?’ but are not seeking damages. All those who sign up to the action will get the benefit of the win, but they do not have to start their own cases, as they are ‘represented’ by the lead claimant.

The only people who will definitely benefit from success in the case are those who have signed up. There will be no free rides. Any others will have to fight their own corners individually, either alone or with legal help (which will inevitably cost significantly more than the group case).”

We will NOT settle on any basis.

Landlords take legal action against West Brom Mortgage Company

We have a moral duty to do what is right for those who support the values upon which this campaign was started. Our promise to all who support these values is that we will not sell out on you at any price. We will continue to fight this injustice and we will fight any other lender who tries to follow suit.

Are you with us?

This discussion thread is now closed – we’re off to Court!

To link to the new discussion please CLICK HERE

West Bromwich Mortgage Company Tracker Margins Legal Action


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12:29 PM, 23rd November 2013, About 11 years ago

Reply to the comment left by "Concerned Landlord" at "23/11/2013 - 12:24":

and for some FEAR of putting their head above the parapet thus invoking the wrath of a giant bullyboy organisation????

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12:32 PM, 23rd November 2013, About 11 years ago

Reply to the comment left by "Denise Doms" at "23/11/2013 - 12:29":

and of course a giant bullyboy organisation who seem to feel they have the god-given right to threaten ordinary everyday hard-working and honest people with the risk of financial and personal ruin!

ian

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12:34 PM, 23rd November 2013, About 11 years ago

Reply to the comment left by "Paul Eastabrook" at "23/11/2013 - 12:16":

Like your post on cherryfind, although I would of thought you might of mentioned 118 class action & BoI doing the same earlier this year, Just a thought

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12:39 PM, 23rd November 2013, About 11 years ago

Reply to the comment left by "ian " at "23/11/2013 - 12:34":

so what's stopping you adding anything you feel is missing and want to add yourself?

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12:44 PM, 23rd November 2013, About 11 years ago

I am reliably informed (by the author) that there will be an article in the FT on Tuesday

ian

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12:52 PM, 23rd November 2013, About 11 years ago

Reply to the comment left by "Denise Doms" at "23/11/2013 - 12:39":

Mrs Doms As paul is already on there, means ill have to register just to add it.

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13:10 PM, 23rd November 2013, About 11 years ago

Denise please lol - I'm only Mrs Doms at work

You can do a lite registration I think and I thought you could comment post or comment without registering (anyway why not register?)

Chris Novice Shark Bait

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13:22 PM, 23rd November 2013, About 11 years ago

Reply to the comment left by "Nicholas Barksby" at "23/11/2013 - 09:59":

Hi Nicholas - welcome. It does feel more reasuuring to be off the fence does it not? Come on the rest of you we need to be in this together.

ian

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13:30 PM, 23rd November 2013, About 11 years ago

Reply to the comment left by "Denise Doms" at "23/11/2013 - 13:10":

Well you did complain on earlier posts for not being addressed as Mrs LOL,The reason is that if to many of us rant it will attract anti landlords, as on other forums

Chris Novice Shark Bait

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13:31 PM, 23rd November 2013, About 11 years ago

Hi Rosemary, I'm in same boat. Mine went Tuesday first class and still not signed for. Others reported problems a couple of weeks back. Justin explained that there was a backlog. This is good; maybe, as it may suggest lots of new post. 😉

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