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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Mark Smith Head of Chambers Cotswold Barristers

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13:30 PM, 10th December 2013, About 11 years ago

Gloucestershire- 29 brokers emailed

Richard Kent

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14:09 PM, 10th December 2013, About 11 years ago

Reply to the comment left by "Mark Smith (Barrister-At-Law)" at "10/12/2013 - 13:30":

Thanks to Mark Smith (Barrister At Law) at Cotswold Barristers! 🙂

Other Readers……… In case you wish to join in our efforts please see my Property118 posts here which tell you how to join in………

http://www.property118.com/west-bromwich-building-society-mortgage-company-increase-tracker-margins-legal-action/43657/comment-page-259/#comment-33888

http://www.property118.com/west-bromwich-building-society-mortgage-company-increase-tracker-margins-legal-action/43657/comment-page-259/#comment-33889

The Seasoned Female Investor

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14:19 PM, 10th December 2013, About 11 years ago

Reply to the comment left by "Richard Kent " at "10/12/2013 - 08:43":

Sat here today for an hour or more and churned out 15 emails to various brokers covering a wide area from Southend-on sea, Chelmsford, Colchester, Rayleigh, Braintree, all in Essex, using your template.

Will continue all week

chrisbusy

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14:56 PM, 10th December 2013, About 11 years ago

Reply to the comment left by "Richard Kent " at "10/12/2013 - 14:09":

As i couldnt find one existing i have just started a forum on the RLA website with all relevant details ..Will it stay up there i wonder ? ?

Mark Alexander - Founder of Property118

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14:58 PM, 10th December 2013, About 11 years ago

Reply to the comment left by "chrisbusy " at "10/12/2013 - 14:56":

Can we have a link please?
.

Richard Kent

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14:59 PM, 10th December 2013, About 11 years ago

Reply to the comment left by "chrisbusy " at "10/12/2013 - 14:56":

Hi Chris,
I could answer that in a few ways but I think this is a question best left to Mark Alexander to answer.

As he has just now done 🙂

chrisbusy

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15:12 PM, 10th December 2013, About 11 years ago

Reply to the comment left by "Mark Alexander" at "10/12/2013 - 14:58":

Link below Still working as of now ..4 views but no comments yet .

dont know if you have to be a member to view but it worked with my copy and paste a couple of minutes ago .

http://www.rla.org.uk/forums/topic.shtml?topic=25291

Les

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15:15 PM, 10th December 2013, About 11 years ago

Have just requested the info from WBS and will be joining the class action once i have the info in my hand.

Mark Alexander - Founder of Property118

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15:16 PM, 10th December 2013, About 11 years ago

Reply to the comment left by "chrisbusy " at "10/12/2013 - 15:12":

LOL - I was one of those views, I went off to find it for myself.

Can you edit? If so, you might want to lose the last line of your post on the RLA website.
.

chrisbusy

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15:23 PM, 10th December 2013, About 11 years ago

Sorry no can do ...no edit facility ..and i started it with the first words that i sent to all the brokers this morning as well ! ! DOH !
I will get my coat shall i ?

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