Addicted to fighting the WBBS

Registered with Property118.com
Monday 23rd September 2013


Latest Comments

Total Number of Property118 Comments: 80

Addicted to fighting the WBBS

4:28 AM, 30th November 2013
About 7 years ago

West Bromwich Building Society Tracker Margins Legal Action

Currently overseas, hence posting in the middle of the night.

An interesting response from West Brom to Nicole @ Telegraph about discriminating which customers to target with Rate Hike:

Does anyone have evidence (and are willing to share/confirm with Nicole) that Lifetime Tracker Mortgage Accounts that were taken out directly with West Brom ARE NOT affected with the Rate Hike ?

This is the response I have had from West Brom:

“No mortgages have been excluded from the rate change on the basis of which broker or channel they came through. Borrowers have been notified of a change to their rate based on the number of properties they own and rent out.”
Do you have any proof that mortgages sold direct or through Mortgage Force were excluded from the rate hike? That's probably the next step otherwise I don't have anything to stand up the claims.
Let me know if there's anything I can look into this end.

Kind regards,
Nicole... Read More

Addicted to fighting the WBBS

20:36 PM, 28th November 2013
About 7 years ago

West Bromwich Building Society Tracker Margins Legal Action

Reply to the comment left by "Paul Eastabrook" at "28/11/2013 - 20:29":

Paul, thanks.

Unless I have missed anything in earlier posts, if no-one can prove that Experian/Equifax have been actually searched by West Brom Q3/Q4 2013 in relation to this matter, West Brom may have simply reviewed initial application forms whereby it would have clearly stated how many properties you owned at the point of application.

The search you have identified on the 5th Nov 13 could simply be 'due diligence' on behalf of West Brom to make sure they have not have made a Boo Boo by assuming you still were a BTL professional by relying on your initial application data.... Read More

Addicted to fighting the WBBS

19:55 PM, 28th November 2013
About 7 years ago

West Bromwich Building Society Tracker Margins Legal Action

Reply to the comment left by "Appalled Landlord" at "28/11/2013 - 19:51":

I will do my best.

Thanks... Read More

Addicted to fighting the WBBS

17:43 PM, 28th November 2013
About 7 years ago

West Bromwich Building Society Tracker Margins Legal Action

Reply to the comment left by "Alexander Law" at "28/11/2013 - 17:27":

Hello

I have spoken to a mortgage broker today (who has only just heard that West Brom) are increasing the Rate Hike for his own mortgage ! He will be joining up tomorrow.

Also, I have been referred to one of the above mortgage brokers clients who has more than 3 West Brom Mortgage who only received his notification on the 20th November - they will be joining up tomorrow.

The Point being is that there are probably thousands of affected borrowers that have just received notification later than we all were and/or are only just getting round to opening the West Brom Letters.

Lastly, I do think the Cherryfind.co.uk posting about Mortgage Brokers needing to get behind this campaign is actually getting their Attention and Making them Act.... Read More

Addicted to fighting the WBBS

9:18 AM, 28th November 2013
About 7 years ago

West Bromwich Building Society Tracker Margins Legal Action

Reply to the comment left by "Addicted to fighting the WBBS" at "28/11/2013 - 08:59":

Hello - someone mentioned a week ago they were compiling one list of media contacts to update our news and findings.

Whoever said they were going to do this (cannot remember), are they able to PR the TCF breaches and FCA letter and Mortgage Force allegation to ?

I can email someone the email & attachments I sent to Nicole Blackmore @ The Telegraph.... Read More