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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18:30 PM, 17th February 2014, About 11 years ago

Reply to the comment left by "Mark Alexander" at "17/02/2014 - 14:02":

I think my partner is entitled to apply for membership of the Secure Forum? We have 2 WBBS trackers, one in our joint names and the other in mine alone and have paid for both to be included in the Class Action.
Denise

Ian Burton

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0:05 AM, 18th February 2014, About 11 years ago

Reply to the comment left by "Denise D" at "17/02/2014 - 18:30":

Hi Denise D

I Certainly will not object the more minds the better in my opinion. My wife will be coming to the meeting too (I know you're not but) after all whats mines hers etc and she will ( IS ) just as affected as me and its her money as well as mine that the WBBS are spending. She also put a lot of her personal wages into our BTL's too even if for tax purposes etc its in my name I do not differentiate.

Mark Alexander - Founder of Property118

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11:29 AM, 18th February 2014, About 11 years ago

FEEDBACK REQUIRED

We've had a lot of feedback from members on the secure forum but we need more from the silent majority.

Please log in via the email sent to you by The Law department and enter the user name and password you supplied at registration.

Then click on the West Brom link, then the thread called "Why Propose ..........?" This is where the meat of the discussion has been taking place.
.

All BankersAreBarstewards Smith

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11:38 AM, 18th February 2014, About 11 years ago

Reply to the comment left by "Mark Alexander" at "18/02/2014 - 11:29":

my feedback - its gone darn quiet in here....... (weeps quietly in the corner)

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11:39 AM, 18th February 2014, About 11 years ago

ahhhhhhhhhhhhhhh ABABS

Mark Alexander - Founder of Property118

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11:44 AM, 18th February 2014, About 11 years ago

Reply to the comment left by "All BankersAreBarstewards Smith" at "18/02/2014 - 11:38":

We are on the verge of releasing the "Hounds of Hell" from the secure forum, give it a week or so and it will get very busy here again! Careful what you wish for though, you could have a VERY full mailbox! 🙂
.

Mike L

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11:45 AM, 18th February 2014, About 11 years ago

Reply to the comment left by "All BankersAreBarstewards Smith" at "18/02/2014 - 11:38":

ABABS, It's the quiet before the storm! And a storm is coming WB's way, no doubt about it! 🙂

All BankersAreBarstewards Smith

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11:52 AM, 18th February 2014, About 11 years ago

Reply to the comment left by "Mike L" at "18/02/2014 - 11:45":

Thanks guys and gals.....

I am a WB BTL customer but a non litigant (but could be targeted in the future) - so i have a keen interest in all this.

I suggest that customers like me, who fulfil WB's criteria for the 2% increase but who have not been targeted, are one line of proof of the discriminatory policy West Bromwich are implementing.

Mike L

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11:54 AM, 18th February 2014, About 11 years ago

Just managed to get all of my FOS papers in the post to them today. Every little bit of pressure helps. Justin's template letter was very helpful.

Dean

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11:58 AM, 18th February 2014, About 11 years ago

Reply to the comment left by "All BankersAreBarstewards Smith" at "18/02/2014 - 11:38":

Hi ABABS

Are you not affected by the rate hike ? Just an interested party?

If you are affected you really need to get in asap a lot seems to be happening on the other forum which may never be put on here.

Any one who is affected but not yet joined up now is the time to get involved . I know a few have dropped out I think you will regret it , although maybe not as you will never really know

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