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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9:13 AM, 28th January 2014, About 11 years ago

Just received the following reply to my gentle nudge to Hugh Robertson's office: "I am sorry but Hugh is a government Minister and, under the Ministerial Code, he is not allowed to sign Early Day Motions." But he is a supporter so that's ok

Mark Alexander - Founder of Property118

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9:19 AM, 28th January 2014, About 11 years ago

Reply to the comment left by "All BankersAreBarstewards Smith" at "28/01/2014 - 08:48":

I seem to recall we hijacked that article in the comments section too, only to find that our comments very quickly disappeared 🙁
.

Mark Alexander - Founder of Property118

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9:19 AM, 28th January 2014, About 11 years ago

Reply to the comment left by "Denise D" at "28/01/2014 - 09:13":

Thanks you 🙂
.

MM London

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9:38 AM, 28th January 2014, About 11 years ago

If we are following gorilla tactics, would it not be worthwhile to flyer / protest outside West Brom's 36 branches. If we were to hand out flyers (it only costs about £40 for 5,000) to every customer when they're entering the branch, illustrating that the West Brom cannot be trusted, surely this would have a huge negative influence on the West Brom. And if we co-ordinated this to all happen over one weekend outside all of their branches, surely this would gain a substantial amount of publicity.

Mark Alexander - Founder of Property118

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9:40 AM, 28th January 2014, About 11 years ago

Sorry folks, David Morris will no longer be raising his question today. An even bigger, better opportunity has presented itself which I hope to be able to report on later today 🙂

Until then I am sworn to secrecy.
.

All BankersAreBarstewards Smith

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10:17 AM, 28th January 2014, About 11 years ago

Reply to the comment left by "MM London" at "28/01/2014 - 09:38":

anyone know how we can find a list of all their branches - i'm up for a spot of guerrilling

All BankersAreBarstewards Smith

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10:18 AM, 28th January 2014, About 11 years ago

anyone know how we can find a list of all their branches - i'm up for a spot of guerralling

Mark Alexander - Founder of Property118

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10:20 AM, 28th January 2014, About 11 years ago

Reply to the comment left by "MM London" at "28/01/2014 - 09:38":

This tactic has been considered, however, the concept was dismissed on the groundS that West Brom are only targeting landlords who own multiple properties. There is little public sentiment in support of landlords and such events could go horribly wrong if anti-landlord demonstrators join in. There are also laws regarding leafleting and protesting where we would have to give notice to the authorities. Such notices are public and could, therefore, be picked up by anti landlord demonstrators.

A similar campaign could work well for affected BoI borrowers as BoI have also targeted home-owners. In fact, if all protesters were home-owners that would totally diffuse any potential anti-landlord backlash.
.

Lucy McKenna

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10:33 AM, 28th January 2014, About 11 years ago

I really can't see how George Osborne can't take this seriously , and do something about it.
If it has been brought to his attention and he does nothing and we win our case in court, think of the backlash he could get for knowing and doing nothing , that certainly would make a good story for the papers. "Chancellor knew and did nothing about it"

Lucy McKenna

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10:42 AM, 28th January 2014, About 11 years ago

I am just sending reminders to Georffrey Clifton Brown and Frank Dobson and suggesting that they support the 90 minute debate proposed by David Morris and Jason ....... please can someone tell me Jasons surname??

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