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
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.
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
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Comments: 359
2:07 PM, 23rd November 2013, About 12 years ago
Reply to the comment left by “ian ” at “23/11/2013 – 13:30“:
did I really?
Member Since September 2013 - Comments: 80
2:45 PM, 23rd November 2013, About 12 years ago
Reply to the comment left by “Concerned Landlord” at “23/11/2013 – 12:24“:
Hi Mark
Is it worth allocating about £100 of the budget to Pay Per Click Advertise on Google to advertise 118 and this forum for affected borrowers who have some how not joined up ?
Also, I am not part of any social networking, but are we Tweeting enough updates ?
Thanks, Stuart
Member Since October 2013 - Comments: 134 - Articles: 1
4:44 PM, 23rd November 2013, About 12 years ago
Reply to the comment left by “Denise Doms” at “23/11/2013 – 12:27“:
Unfortunately one of the two responses to date is my own.
Member Since September 2013 - Comments: 474
5:21 PM, 23rd November 2013, About 12 years ago
Reply to the comment left by “Addicted to fighting the WBBS” at “23/11/2013 – 14:45“:
Stuart
My experience of PPC on google is that unless it is for attracting traffic to buy something so you can cost the expenditure against sales and thus quantify its effectiveness is that it is rather a black hole. We could spend £100 of scarce resource and have little idea what good it has done. I’d advise against it.
I’d far rather see us asking anyone who has a website, and who is sympathetic to our cause and where potential joiners of our activities might see it to post a Property118 link. A banner ad maybe? Would cost very little bar legwork if anything.
Member Since June 2013 - Comments: 186
6:12 PM, 23rd November 2013, About 12 years ago
Denise. Can you let me know who the journalist is at the FT? I will buy the paper but I want to keep a Pressbook now so that we know who to contact with major stories. I have had some very positive feedback from THE TIMES and if anyone else has any press contacts let me know. Thanks
Comments: 359
6:38 PM, 23rd November 2013, About 12 years ago
Reply to the comment left by “Annette Stone” at “23/11/2013 – 18:12“:
Simoney Girard – although her email address is [email protected]
She was lovely – very understanding and she absolutely ‘got’ why it’s so wrong!
Member Since June 2013 - Comments: 186
6:48 PM, 23rd November 2013, About 12 years ago
Reply to the comment left by “Denise Doms” at “23/11/2013 – 18:38“:
Thanks Denise. Simoney will go on my list
Comments: 359
7:05 PM, 23rd November 2013, About 12 years ago
Reply to the comment left by “Annette Stone” at “23/11/2013 – 18:48“:
Simoney Kyriakou
News Editor
Financial Adviser
DT: 020 7775 6657
Email: [email protected]
http://www.ftadviser.com/fa
Twitter: @FANewsdesk
Personal Twitter: @Moorgatemermaid
Comments: 359
7:05 PM, 23rd November 2013, About 12 years ago
Reply to the comment left by “Annette Stone” at “23/11/2013 – 18:48“:
Simoney Kyriakou
News Editor
Financial Adviser
DT: 020 7775 6657
Email: [email protected]
http://www.ftadviser.com/fa
Twitter: @FANewsdesk
Personal Twitter: @Moorgatemermaid
Member Since January 2011 - Comments: 12193 - Articles: 1395
8:01 PM, 23rd November 2013, About 12 years ago
Reply to the comment left by “Addicted to fighting the WBBS” at “23/11/2013 – 14:45“:
Hi Stuart
Being a Google News Publisher I probably shouldn’t say this, however, our SEO is far better value than Google adwords at this stage. There are very few popular phrases now where we are not already coming up page one in search results. I do take the point though and we have spent some of the funds on Facebook Marketing. I’m not convinced about the results so far as nobody has mentioned it as a reason for signing up but the number of impression served and hence the reach and potential awareness has been pretty good. We have around £3k left in the pot now which I’m hanging on to for the Press Conference.
.