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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Neil Patterson

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16:02 PM, 22nd January 2014, About 11 years ago

Reply to the comment left by "Norfolk n'Chance" at "22/01/2014 - 15:56":

Try John Baron's link on here http://www.johnbaron.co.uk/contact_john.html

Devon Landlords

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16:03 PM, 22nd January 2014, About 11 years ago

Thanks Mark, sent EDM email to our MP and made donation to Marketing Fund 🙂

Ken S

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16:13 PM, 22nd January 2014, About 11 years ago

I would echo the previous comments. We have also followed up with a second email (EDM) to our local MP for Stockport Ann Coffee.

Lucy McKenna

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16:14 PM, 22nd January 2014, About 11 years ago

I have emailed and telephone Mr Geoffrey Clifton-Brown, Cotswold, Gloucestershire. If we can get him on board he will be a great asset.

Mark Alexander - Founder of Property118

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16:23 PM, 22nd January 2014, About 11 years ago

Thank you to Onslow Clough and his wife for compiling this list of MP's which are likely to support EDM976 on the basis of previous support they have provided to members, for example writing to the West Brom on their behalf. Thanks also to them for their introduction to Jason McCartney who has just sent me a very nice email which you can see below.I have sent the list below to the aide of David Morris and also directly to Jason McCartney.

MP NAME CONSTITUENCY
David Morris Morecombe and Lunesdale
Jason McCartney Colne Valley
Steve Baker Wycombe
Andrew Tyrie Chichester, Chairman Treasury Select Committee
William Cash Stone
Justine Greening Putney, Roehampton, Southfields, Sec. of State for international Development
David Blunkett Sheffield Brightside
Stewart Jackson Peterborough
Hugh Robertson Faversham and Mid-Kent
Peter Wishart Perth and N. Perthshire
John Baron Basildon and Billericay
Nadim Zahawi Stratford on Avon
Stephen Crabb Pembrokeshire
Chi Onwurah Newcastle Upon Tyne,Secretary of State for Business Innovation and Skills
Oliver Colville Plymouth
Rachel Reeves Leeds West, Shadow Secretary of State for Work and Pensions
Ann Coffey Stockport
Jim Shannon Strangford
Nigel Adams Selby and Ainsty
Priti Patel Witham
Angie Bray Ealing Central and Acton
Nick Gibb Bognor Regis and Littlehampton
Anne Begg S. Aberdeen
Matthew Offord Hendon
Tom Watson West Bromwich East

To view the image below in full size please double click

Jason McCartney

 

All BankersAreBarstewards Smith

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16:34 PM, 22nd January 2014, About 11 years ago

Reply to the comment left by "Mark Alexander" at "22/01/2014 - 16:23":

WOW - 25 MPs in such a short time today - lets see what is possible by this time tomorrow........

Andy Bell

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16:39 PM, 22nd January 2014, About 11 years ago

Well done Mark and Onslow,

I've Emailed Natasha Engel and made a marketing contribution.

George Top

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16:44 PM, 22nd January 2014, About 11 years ago

Unfortunately I've written to our MP for Stroud, Neil Carmichael, a couple of times but no response. In the past I've found him too 'tied to the system' (and his career path) to be willing to move on any 'contentious' issues. Well done Mark and everyone else is doing a great job bringing the tracker situation out into the open.

Mark Alexander - Founder of Property118

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16:47 PM, 22nd January 2014, About 11 years ago

Reply to the comment left by "All BankersAreBarstewards Smith" at "22/01/2014 - 16:34":

That's a list built on the back of several months on campaigning, many of the names added today will not appear in this list unless they have previously supported the campaign by way of correspondence and action.

The contact today is in addition to all of this, hence very promising indeed 🙂
.

S May

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16:50 PM, 22nd January 2014, About 11 years ago

I have followed the discussions since the start and am fully paid up to the litigation fund. I have emailed my MP, Barry Gardiner, Brent North.

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