Posts Tagged ‘mortgage’

FOS rule West Brom Tracker Rate Hike is fair

FOS rule West Brom Tracker Rate Hike is fair

16/11/2014

The FOS (Financial Ombudsman Service) have done it again!  In the past the FOS have controversially agreed that rate hikes applied by Bank of Ireland, Skipton Building Society (Amber Homeloans) and also the Danske Bank (formerly National Irish Bank) were fair. Therefore, is it really that shocking that FOS would also rule in favour of West… Read more

Remember our background is in BuytoLet and Commercial finance

Remember our background is in BuytoLet and Commercial finance

01/07/2014

Mark, Mike and I met through the common background of BuytoLet and Commercial Finance. Over the years through The Money Centre and now Property118 we have literally helped 10s of thousands of Landlords, developers and investors start and grow their property businesses. Unfortunately we are now old enough to have seen, done and bought the… Read more

Skipton Building Society Legal Action

Skipton Building Society Legal Action

02/04/2014

In 2010 the Skipton Building Society broke a promise to over 60,000 mortgage account holders.  The basis of that promise was that their mortgage rate would never exceed 3% over the Bank of England base rate – it did – CONSIDERABLY! The hike in monthly payments for a person with a £150,000 interest only mortgage… Read more

Message from Anthony Wilson of Ashley Wilson Solicitors LLP

Message from Anthony Wilson of Ashley Wilson Solicitors LLP

13/03/2014

My name is Tony Wilson. I have today committed £15,000.00 to the fund to enable Mark Alexander and Mark Smith carry on the superb work they are doing on behalf of buy to let landlords who are being (in my view) mistreated by the West Bromwich Mortgage Company. As a solicitor who has been in… Read more

Property118 Members vs West Bromwich Mortgage Company

Property118 Members vs West Bromwich Mortgage Company

03/03/2014

UPDATE – 31st March 2014 Since publishing this article our campaign has raised over £450,000 and legal action has now commenced. The official closing date for borrowers to be represented in this action was 28th March 2014. However, it may still be possible to be included in the representative action by paying additional fees to… Read more

Bank of Ireland Tracker Rate Legal Campaign Fundraising re-launched

Bank of Ireland Tracker Rate Legal Campaign Fundraising re-launched

31/01/2014

The Bank of Ireland Tracker Rate Legal Campaign began in March 2013. History to date 100 affected BoI borrowers each paid £150 plus VAT into an initial legal fees fighting fund and instructed Justin Selig of The Law Department to obtain Counsels opinion on the merits of our case. Consensus of legal opinions was that regulators… Read more

Campaigns Against Tracker Mortgage Rate Hikes Reach Parliament

Campaigns Against Tracker Mortgage Rate Hikes Reach Parliament

22/01/2014

The campaigns organised by members of Property118 against hikes to tracker rate mortgage margins moved up a gear yesterday when I was invited to meet with David Morris MP and his aide Andre Walker at The Houses of Parliament. I spent 90 minutes with them in total. I also managed to get a very quick… Read more

Property Research Tool

Property Research Tool

11/12/2013

UK Property Research Tool What you need to know and where to find the information X This Property Research Tool is for the benefit of all property buyers, landlords, tenants, owner occupiers and professional advisers associated with property. Thanks to business sponsors and Property118 Members for their incredibly generous donations making the development of this… Read more

Funding for Lending Scheme withdrawn for household market

Funding for Lending Scheme withdrawn for household market

29/11/2013

The Bank of England have withdrawn their support for the Funding for Lending Scheme, but only to the household market. The Funding for Lending Scheme (FLS) has been successful in reducing the cost of lending for banks in the mortgage market and contributed to a fall in the cost of borrowing to homeowners. However the… Read more

Complaint to ASA re West Brom Tracker Mortgages Website Advertising

Complaint to ASA re West Brom Tracker Mortgages Website Advertising

18/11/2013

COMPLAINT TO ADVERTISING STANDARDS AGENCY I have just completed my online complaint to the ASA. It is a five step process. The basis of my complaint was targeted only at the statement of the West Brom website. My thinking is that if we over-complicate matters for the ASA they might decide to refer the complaint… Read more

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