mark mark

Registered with Property118.com
Wednesday 11th February 2015


Latest Comments

Total Number of Property118 Comments: 4

mark mark

17:34 PM, 20th May 2015
About 6 years ago

Mark Robert Alexander vs West Bromwich Mortgage Company High Court Judgement

are they still calling this mortgage a tracker!!? if so what is it tracking!!?... Read More

mark mark

13:37 PM, 18th February 2015
About 6 years ago

TDS and deposits held by agent

Hi all, I have lost a deposit which the agent was holding when they up sticks and knocked everybody including their own staff. They held the deposit and it was insured through My Deposits. This was a big mistake on my part. My Deposits is there to protect the tenant form the landlord or his agent. Not the land lord form the agent. My deposits were clear on that and when i read the terms which they sent me after the agent had gone that was clear.

I am not sure about the TDS that may also protect the land lord.

I now use the DPS much safer , no fees and the tenant can see where there money is which I know they like.

In Short be careful when trusting the agent with the deposit and above all do not let your agent hold the deposit using My Deposits.... Read More

mark mark

20:28 PM, 11th February 2015
About 6 years ago

Mark Robert Alexander vs West Bromwich Mortgage Company High Court Judgement

Reply to the comment left by "jayso 43" at "11/02/2015 - 19:44":

Thanks for your comment Jaso,
I have read the MO and TCs and they are clear till you read one against the other which is why i think we have just had this case. I am no expert on contract law or any law. If these MO TCs were written properly in the first case there would be no confusion. Ask any mortgage broker what a tracker is and they will all come to the same conclusion i am sure.
I do not suggest i have been mis sold but i do question the whole situation. If it was a clear cut thing then why have the other lenders not made a move.
Commercial Decisions are about making money and I am sure the other Lenders would have made a move some time back if they thought it was such a clear cut thing. Thats not to say they won't now. As for my Commercial decision, I have enjoyed rates of less than .7 above base for a long time.
Thanks Mark... Read More

mark mark

18:37 PM, 11th February 2015
About 6 years ago

Mark Robert Alexander vs West Bromwich Mortgage Company High Court Judgement

I have 3 Trackers all at low rates. I took life time trackers so that i would
not have to re mortgage every other year. I liked the idea that these mortgages were
controlled by by the BoE . Would seem these trackers are no different to SVR, which I did not want as i did not like the idea of the banks setting what ever rate they like when they like. Which is what they seem to be doing here.

I am lucky at the moment and have not been hit. I have been reading the MO and T&Cs. Birmingham Midshires and Scottish Widows. When I have spoken to them in the past they have been clueless, Just saying your on a tracker it stays the same rate above the base rate for life. No knowledge of what is going on elsewhere (West Brom or B of I.

I have made my donation to the cause and have seen the report.

I would be really keen to hear any thoughts or info on either of the two suspects above.

Kind regards To all Mark... Read More