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

Text Size

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


Share This Article


Comments

Mark Alexander - Founder of Property118

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

21:48 PM, 28th January 2014, About 11 years ago

Reply to the comment left by "chrisbusy " at "28/01/2014 - 21:44":

This is great news, please encourage him to sign the EDM and to apply for a 90 minute debate 🙂
.

Dean

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

21:48 PM, 28th January 2014, About 11 years ago

Reply to the comment left by "Mark Alexander" at "28/01/2014 - 21:05":

Ok. Just wondered if it was still relevant.

Dean

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

21:48 PM, 28th January 2014, About 11 years ago

Reply to the comment left by "Mark Alexander" at "28/01/2014 - 21:05":

Ok. Just wondered if it was still relevant.

Mark Alexander - Founder of Property118

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

21:49 PM, 28th January 2014, About 11 years ago

Reply to the comment left by "Dean " at "28/01/2014 - 21:48":

Oh yes, very much so 🙂
.

chrisbusy

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

21:59 PM, 28th January 2014, About 11 years ago

Reply to the comment left by "Mark Alexander" at "28/01/2014 - 21:48":

I think his position may well preclude that from happening , as i had asked him to sign it as well as applying for the debate , that part which i have reiterated in my response to him while thanking him for his time and efforts in this matter.

Devon Landlords

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

22:09 PM, 28th January 2014, About 11 years ago

Reply to the comment left by "Mark Alexander" at "28/01/2014 - 18:38":

Hi Mark,
We haven't received the e:mail communication from Justin yet. I wonder if he sent them all out at the same time or he is doing it gradually? Has everyone else got theirs yet? Do we need to get in touch with him tomorrow if we haven't heard do you think?
Thanks! 🙂

Mark Alexander - Founder of Property118

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

7:27 AM, 29th January 2014, About 11 years ago

Reply to the comment left by "Peter & Di Cole" at "28/01/2014 - 22:09":

If you don't receive it by lunchtime today a call to The Law Department office may well be in order. Try Ana first, if she's not available try Alison and then Justin or just send an email with cc to all.

Check your spam and junk mail too, I know he sent the emails in bulk via Mail Chimp so some may have been marked up as spam.
.

Devon Landlords

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

7:49 AM, 29th January 2014, About 11 years ago

Reply to the comment left by "Mark Alexander" at "29/01/2014 - 07:27":

Thanks Mark, no definitely not in either of our junk mail boxes. I will send an e:mail. I only have Jemma's. Are they all just first name, @lawdepartment.co.uk do you know? Thanks! Di

Mark Alexander - Founder of Property118

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

8:10 AM, 29th January 2014, About 11 years ago

Reply to the comment left by "Peter & Di Cole" at "29/01/2014 - 07:49":

OK and yes, the are all just name @lawdepartment.co.uk
.

Mark Alexander - Founder of Property118

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

9:08 AM, 29th January 2014, About 11 years ago

I have just received a text from David Morris MP to ask me not to disclose the basis of our discussions yesterday morning for another few weeks.

What he does want us to do it to keep up the lobbying pressure and he assures us that it is working and rattling the cages of several people in high positions.

Keep up the pressure folks, ask to meet your MP, ask them to talk to David Morris and Jason McCartney, ask your MP to request a 90 minute debate on "Conduct of Lenders" based on EDM 976 and the Additional Notes provided here >>> http://www.property118.com/tracker-rate-campaign-goes-to-parliament/62913/

EDM976 now has 18 cross party support signatures, see >>> http://www.parliament.uk/edm/2013-14/976
.

Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Tax Planning Book Now