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 Alexander - Founder of Property118

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9:52 AM, 29th January 2014, About 11 years ago

SECURE FORUM

I have spoken to our web-site people about a totally secure forum for paid up members of this campaign group and our professional advisers only. The new forum will be for the purpose of discussing confidential legal matters only. All other PR and related campaign matters are to continue to be discussed in open forum on Property118 in order to continue to attract media attention and new members.

The specifications I have provided are as follows:-

Must sit on an a SSL certified secure domain (similar to the security of online banking)

All members to register their real name and provide a iser name and password.

All registrations to be forwarded for approval by myself or Neil so that we can check against a list of paid up members before any access to the forum is granted.

Forum hidden from all search engines.

The cost of building such a forum will be circa £500 inclusive of VAT.

I intend to use the marketing fund to pay for this and we have sufficient funds in place.

The forum should be online some time next week. I will let you know when it is live and post a link here. Fear not, security will be very tight and nobody will be able to see anything other than the registration page until they create a user account which is subsequently approved by myself or Neil Patterson.

If you can spare a bit more cash to replenish our marketing funds this please see >>> http://www.property118.com/donations/43590/
.

Lawrence Squid

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10:24 AM, 29th January 2014, About 11 years ago

Graham Brady MP (Altrincham & Sale West) tells me that has now signed EDM976. I'll thank him and request support for a 90 minute debate. I was disillusioned by the first response from his office but contacted them again; the continued effort is now paying off. Keep those chins up folks & don't give up if your MP doesn't offer support initially.
Additional contribution made to marketing fund, a secure forum is well worth it.
Well done all.

Annette Stone

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10:58 AM, 29th January 2014, About 11 years ago

Additional contribution on its way from me as well.

Lucy McKenna

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11:17 AM, 29th January 2014, About 11 years ago

Good News!!!!

I can confirm Mr. Dobson has signed EDM 976 – Conduct of Mortgage Lenders. Please allow time for the Table Office to register his name to the signatories.

Kind regards,

Mili Patel
Researcher to The Rt. Hon. Frank Dobson MP
Member of Parliament for Holborn and St Pancras
House of Commons
LONDON SW1A 0AA

Lucy McKenna

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11:28 AM, 29th January 2014, About 11 years ago

Should make clearer I wrote the "Good News!!!!" bit on my last post the remainder is an extract from Frank Dobson's researcher's email

Lisa S

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11:36 AM, 29th January 2014, About 11 years ago

Another small donation for the marketing fund on its way from me too.

David Ellis

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12:35 PM, 29th January 2014, About 11 years ago

Just sent another donation to the marketing fund

Richard Watters

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13:01 PM, 29th January 2014, About 11 years ago

I've been advised by my MP's assistant that he (Nigel Adams MP) is in touch with Jason McCartney MP and David Morris MP about West Bromwich and they are hoping to secure a debate on the issue

Ian Burton

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13:29 PM, 29th January 2014, About 11 years ago

Reply to the comment left by "Mark Alexander" at "29/01/2014 - 09:52":

Great idea Mark
Just 1 question
Will this be acceptable to Justin et al bearing in mind his comments in the e-mails?

Mark Alexander - Founder of Property118

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13:51 PM, 29th January 2014, About 11 years ago

Reply to the comment left by "Ian Burton" at "29/01/2014 - 13:29":

I can't see how he could possibly object based on the security measures we will have in place 🙂
.

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