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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Richard Adams

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10:24 AM, 27th November 2013, About 11 years ago

Reply to the comment left by "Denise Doms" at "27/11/2013 - 09:08":

Come on Denise. Mervyn is on the cusp of joining us. We need him and he needs us so best not to make accusations.

Alison Buckland

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11:14 AM, 27th November 2013, About 11 years ago

Please everyone, I've read every single comment from the beginning too and although I'm not Mrs Savvy Businesswoman I've drawn my own conclusions on what is speculation and what is hard fact, using common sense. Let's not bicker amongst ourselves. Let's use this energy against the West Brom rather than waste it on each other. I think we're all anxious to get moving with this and it's making us tetchy. We just need a little more patience.

In the meantime I've been trying to channel my frustration into some Christmas-based satire for the West Brom seeing as how they've ruined mine. I may tweet this if I can get it down to 140 characters. Please feel free to join in.

On the first day of Christmas West Bromwich sent to me
A rate hike quite illegally.

Ok, that's as far as I got but I'm working on it!

I really value the camaraderie I find on this forum. Hang on in there everyone.

Norfolk n'Chance

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11:21 AM, 27th November 2013, About 11 years ago

Reply to the comment left by "Richard Adams" at "27/11/2013 - 10:24":

Richard,
My skin is thick enough to handle silly comments.

If I were you I'd be more concerned that some of your members appear to feel very insecure !

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11:23 AM, 27th November 2013, About 11 years ago

Hi Alison,

I was sorry to hear that West Brom "had ruined your Christmas".

If you would like to contact me to explore other ways to survive through this, then you would be most welcome. There may be some angles you have not considered.

My email is vanessawarwick (at) icloud.com

I can't promise anything, but I really feel for the stress people endure, and I try and help where I can.

Dean

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11:33 AM, 27th November 2013, About 11 years ago

Reply to the comment left by "Mervyn Wharton" at "27/11/2013 - 11:21":

Expand on who is making silly comments and who is insecure and insecure in what ?

Onslow Clough

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11:37 AM, 27th November 2013, About 11 years ago

Could I suggest people stop rising to the bait.... it's getting nowhere.

David Ellis

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11:37 AM, 27th November 2013, About 11 years ago

If the WBBS are reading our comments on this site they will love it if we start to fall out among ourselves. There is an awful lot of effort going in from everybody who has enrolled on this site so let's continue putting our efforts into fighting the WBBS and not ourselves. The sooner we can raise enough money to take the WBBS to Court the better

Onslow Clough

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11:38 AM, 27th November 2013, About 11 years ago

Reply to the comment left by "David Ellis" at "27/11/2013 - 11:37":

Great minds think alike.... and at the same time too.

Dean

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11:41 AM, 27th November 2013, About 11 years ago

Reply to the comment left by "Onslow Clough" at "27/11/2013 - 11:37":

True, but if someone wants to say something say it, stop leaving little comments and then trying to wriggle out of what they say .

Make a direct full point and lets discuss, but base it on something that has actually been said instead of all this innuendo .

Onslow Clough

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11:44 AM, 27th November 2013, About 11 years ago

Reply to the comment left by "Dean " at "27/11/2013 - 11:41":

agreed but i sense a certain amount of deliberate provocation.... don't rise to it. 🙂

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