Dan Smith

Registered with Property118.com
Monday 30th September 2013

Latest Comments

Total Number of Property118 Comments: 18

Dan Smith

12:40 PM, 29th January 2015, About 7 years ago

Mark Robert Alexander vs West Bromwich Mortgage Company High Court Judgement

Reply to the comment left by "Jamie Finch" at "29/01/2015 - 12:19":

Agreed Jamie - just time for a quick confirmation call to the Treasury.

The good news (for the government) is that a major financial institution will not require a bailout so close to the election. The financial crisis being over and all that.

IMHO this was always a targeted rate hike against those deemed to have no protection from any regulator. The arbitrary rule of "three or more" ensured that there was both no regulatory support or public sympathy - who likes BTL Landlords in the media?

Perhaps this ruling may have further implications for other types of mortgages - capped, fixed etc. Providing that three or more are held why should their contracts not be broken when the time is right also?

Finally I think tracker mortgages with other institutions will be safe, ie terms of contract maintained, unless the mortgage holder has three or more and the lender is in financial trouble and likely to go under/embarrass the government of the day.

Once again thank you to both Marks and all the team.... Read More

Dan Smith

21:18 PM, 22nd January 2015, About 7 years ago


Likewise. Please can you forward a copy.

Many thanks.... Read More

Dan Smith

20:07 PM, 20th January 2015, About 7 years ago


Truly an outstanding achievement Mark - I believe that none of us would be where we are without your genius (and energy) for leading, motivating and organising. Thank you and everyone else who have helped to get us to the eve of victory.

The very best of luck for tomorrow to you, Mark Smith and all of us.

The WBBS certainly never, ever imagined having to face our very own "Alexander the Great".

Vsego vam samogo dobrogo (Rus)... Read More

Dan Smith

14:09 PM, 17th December 2013, About 8 years ago

West Bromwich Building Society Tracker Margins Legal Action

If we all opened a savings account with the WBBS we would all be members. We could then attend next years AGM (July) and ask Mr Westhoff and his fellow Directors/Jackals, who was responsible for besmirching the good name of the members Society? As legal action may have started I am sure that the members would be interested in the topic.
Additionally could one of us stand as a Director with a policy of NO PAY OFF for Mr Westhoff and his fellow Jackals when they are forced to resign following their total defeat in the Courts?
I understand that as a mutual they are legally obliged to circulate details of
proposed Directors to all the members at the Society's expense. Perhaps "Property 118"could be mentioned in the manifesto. It may be read by the BTL customers who dealt direct with the Society.... Read More

Dan Smith

16:01 PM, 3rd November 2013, About 8 years ago

West Bromwich Building Society Tracker Margins Legal Action

As I understand it your speculation of - "after all even if they buy out the ones who are in the action group they'd still be making tons of money....." is totally unfounded and inaccurate.

I draw your attention to Mark's post 0f 28/10/2013 at 15:36 ;

"The only course of action for our group is to raise the funds to litigate minimum £100,000."

"I will not settle on any basis".

As I understand it the action group is totally committed to successful litigation in all circumstances.

Perhaps Justin will be able to give us an idea of potential costs should the WBBS choose to defend themselves in every way possible?... Read More