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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Comments

Richard Adams

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21:11 PM, 16th October 2013, About 11 years ago

Reply to the comment left by "Mark Alexander" at "16/10/2013 - 20:57":

Mark, the template e mail is basically the same as the one we sent to them while you were away. I am all for keeping at them but duplication can cheese off recipients?

At least two of the Associations I contacted needed to run my request past directors/.bosses etc who then agreed that it could be sent to all members. If we now put virtually the same e mail in front of them again might it not be counterproductive perhaps? A follow up e mail by all means with update and new stuff but not a repeat especially if it comes from more than one of us.

Kevin Jeffery

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21:46 PM, 16th October 2013, About 11 years ago

Hi Mark, just a thought but a new visitor to this forum may get bogged down in 680 comments and miss some of the vital ones/great actions for them to do. Is it possible to have a link put at the bottom of your title document which takes visitors to a new 'title document' which summerises where we are and the best actions they can implement themselves.... Something like:

Summary...........

And finally be productive!
1) Write to your MP (Link to list of MP's and draft letter (as within this forum somewhere!)
2) Sign our petition (Link to petition)
3) Email Watchdog (link to draft email and Watchdog email address
4) Speak to your plumber/accountnant/solicitor etc SPREAD THE WORD
5) Write to XYZ (Link to draft letter)
6) Join our demonstration at ??? on ???
7) And so on.....

Maybe not have it as a forum we can comment on but redirect comments back to here thus keeping it clear and simple?

And finally thank you for all your efforts from someone who was very sceptical but now paid up, docs & fee sent and even contributing to a forum!

Mark Alexander - Founder of Property118

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21:51 PM, 16th October 2013, About 11 years ago

Reply to the comment left by "Kevin Jeffery" at "16/10/2013 - 21:46":

Hi Kevin

Already done Kevin

Whenever anybody complete the Class Action Expression of Interest Form they also receive an email linking to the article linked below.

We can't choose where people land and the forum is the obvious place because it ranks highest in Google and it's the place everybody is linking to. We can, however, control where people go after completing the Expression of Interest Form 🙂
.
.

Mark Alexander - Founder of Property118

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22:03 PM, 16th October 2013, About 11 years ago

I have updated the introduction to the Expression of Interest Form to make it more compelling for people to complete it.
.

ian

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22:04 PM, 16th October 2013, About 11 years ago

Reply to the comment left by "Kevin Jeffery" at "16/10/2013 - 21:46":

Kevin you missed out Crimewatch sure we would be on there if we robbed them

Kevin Jeffery

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22:07 PM, 16th October 2013, About 11 years ago

Reply to the comment left by "ian " at "16/10/2013 - 22:04":

🙂

Kevin Jeffery

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22:10 PM, 16th October 2013, About 11 years ago

Reply to the comment left by "Mark Alexander" at "16/10/2013 - 21:51":

Sorry Mark, I got so used to scrolling down to the comments that I'd missed I never thought to have a look first! 🙂

mrs sharp

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0:25 AM, 17th October 2013, About 11 years ago

Reply to the comment left by "Matthew " at "16/10/2013 - 10:43":

Along the same lines, the following snippet appeared in today's local paper in NI (Irish News):

"Bank overseer takes sick leave
A former top City regulator who was brought in to oversee compliance at scandal-hit Barclays has been signed off work until the end of the year after being diagnosed with stress and exhaustion. Sir Hector Sants will take a temporary leave of absence after just 10 months in the role as head of compliance at the bank - a post he took on after a gruelling five years at the helm of the Financial Services Authority (FSA) in the run-up to and throughout the financial crisis. He is expected to return to work in the new year and his compliance colleagues will take on his role on an interim basis until then."

mrs sharp

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0:43 AM, 17th October 2013, About 11 years ago

I feel like a bit of an intruder on this forum as I am in N Ireland and have a single residential mortgage with Bank of Ireland for my home. Am I alone on these two counts??

Dean

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