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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David Ellis

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21:17 PM, 6th February 2014, About 11 years ago

EDM 976 NOW UP TO 42 MPS. FANTASTIC AND STILL GROWING

Dean

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21:46 PM, 6th February 2014, About 11 years ago

Reply to the comment left by "Mark Alexander" at "06/02/2014 - 20:27":

Mark. Before you pass this to anyone else let me have first shot at it. Just before Christmas I emailed all 650 MPs. It took two days but some I did as group messages. Later I found it quicker to do one at a time cutting and pasting. So somewhere in my sent items I will have the groups from about A to F possibly. I might be able to break it's back with just a few emails. Then request help on the rest.

Dean

Lucy McKenna

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21:46 PM, 6th February 2014, About 11 years ago

Reply to the comment left by "David Ellis" at "06/02/2014 - 21:17":

Really good. I trust everyone whose MP has told them that they have signed has checked the list, as Frank Dobson signed 8 days ago and his researcher had to chase the table office today as it still wasn't showing. It is showing now.

http://www.parliament.uk/edm/2013-14/976

Andy Bell

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21:51 PM, 6th February 2014, About 11 years ago

Reply to the comment left by "Terry Harris" at "06/02/2014 - 20:35":

I feel for Terry, unfairness heaped on unfairness.

If there is a positive side, it's looking like they have shot themselves in foot. Extreme incompetence by the WB executives especially as the foot was in their mouth at the time.

Mark Alexander - Founder of Property118

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21:52 PM, 6th February 2014, About 11 years ago

Reply to the comment left by "Dean " at "06/02/2014 - 21:46":

Thanks Dean, I appreciate that.

@Richard Kent - nobody is forcing anybody to do anything. We share ideas and people pick and chose which, if any, they implement. If we do lose (highly unlikely in my opinion) it will not be through lack of effort, not least on my part.
.

Dean

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21:56 PM, 6th February 2014, About 11 years ago

Reply to the comment left by "Richard Kent " at "06/02/2014 - 20:52":

Sometimes you need to keep pressing home a point of view so people realise how passionate you are about it.

Some things we have done May have been a waste of time. But I doubt many. However how would we have known until we tried.

If we all spend two hours each emailing MPs and only add one more to the list that's a result .

Before christmas I spent two full days emailing every MP to just make them aware of property118 just in case one person wrote to them about west brom so they could pass on our details. My goal was simply to get as many people contributing to the fund as possible. It may not have resulted in anyone at all . However I don't regret that time spent at all.

Marshie Cyrus

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22:03 PM, 6th February 2014, About 11 years ago

Fantastic to see so much activity on here!!!!
I've been on holiday last week and came home to a response from my MP on the doorstep asking to be kept informed. I sent him an email 2 days ago giving more details and offered to meet with him so that he could go through my paperwork to see just how ridiculous the situation actually is. He responded immediately by post inviting me to make an appointment. I will chase this up tomorrow 🙂 🙂

Mark Alexander - Founder of Property118

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22:10 PM, 6th February 2014, About 11 years ago

Reply to the comment left by "Marshall " at "06/02/2014 - 22:03":

That's fantastic news Marshall.

I am also happy to meet with your MP and anybody else's. I'm ready, willing and able to head back down to Westminster to brief as many MP's as possible 🙂
.

Dean

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22:29 PM, 6th February 2014, About 11 years ago

Reply to the comment left by "Marshall " at "06/02/2014 - 22:03":

Hi Marshall. Who is your MP ?

Richard Kent

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22:33 PM, 6th February 2014, About 11 years ago

Reply to the comment left by "Mark Alexander" at "06/02/2014 - 21:52":

Sure, no one is being forced 🙂

I never used the word 'forced' myself. 🙂

But they are following your lead, encouragement etc.

Borrowers are replying to replies which they may not need to for example.

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