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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Member Since September 2013 - Comments: 232
5:34 PM, 22nd January 2014, About 12 years ago
Hope I am not saying something everyone already knows. This is the link to look at for our EDM. At the moment it is up to 974.
http://www.publications.parliament.uk/pa/cm/cmedm/140121e01.htm
Member Since November 2013 - Comments: 218
5:41 PM, 22nd January 2014, About 12 years ago
What a fantastic couple of days. Tremendous work from Mark Alexander.
Just to update a few points.
Firstly I have had an Email response from Jason McCartney MP acknowledging his meeting with Mark, he went on to say how constructive it was and that he will be pushing strongly for a debate. Jason is strongly behind our cause and will do what he can to help.
Secondly, if people let me know of any responses from their MP’s I will happily compile lists and forward these on to Mark.
Finally, on the back of this amazing leap forward I have gladly contributed to the marketing fund. It is only right and fair that we all do so to help fund Mark’s campaign at Westminster.
Member Since January 2011 - Comments: 12193 - Articles: 1395
5:45 PM, 22nd January 2014, About 12 years ago
Reply to the comment left by “Dee ” at “22/01/2014 – 17:34“:
EDM’s are re-printed at 8am every morning. Our’s will appear tomorrow as it was only submitted and given a number today. Thanks for the link, I’m sure plenty of us will be following this to see whether our MP’s are in the first 6 to add their support 🙂
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Member Since January 2011 - Comments: 12193 - Articles: 1395
5:50 PM, 22nd January 2014, About 12 years ago
Reply to the comment left by “Onslow Clough” at “22/01/2014 – 17:41“:
Thanks Onslow, that’s very much appreciated. As the picture at the bottom of the lead article on this thread says “Together Everybody Achieves More” – what a great T.E.A.M. we are all part of 🙂
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Comments: 359
6:06 PM, 22nd January 2014, About 12 years ago
Hugh Robertson e-mailed and will follow up Friday with a phone call
Member Since January 2014 - Comments: 3
6:08 PM, 22nd January 2014, About 12 years ago
Great work Mark, well done.
I’ve mailed Diane Abbott my MP for Hackney North and Stoke Newington.
Member Since October 2013 - Comments: 37
6:09 PM, 22nd January 2014, About 12 years ago
Delighted that the meeting yesterday went so well. We’ll done to all concerned!!!! Fabulous to see such a buzz on the forum as well.
How do we make a contribution to the marketing fund?
Regards
Tony
Member Since January 2011 - Comments: 12193 - Articles: 1395
6:14 PM, 22nd January 2014, About 12 years ago
Reply to the comment left by “Tony the hairdresser ” at “22/01/2014 – 18:09“:
There is a link at the bottom of the latest article Tony, please see >>> https://www.property118.com/tracker-rate-campaign-goes-to-parliament/62913/ or just click the following link to go directly to the Donations page >>> https://www.property118.com/much-appreciated/
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Comments: 55
6:19 PM, 22nd January 2014, About 12 years ago
I’ve just e-mailed my MP Rehman Chishti and asked him to support the EDM. This is a brilliant result, great work Mark.
Member Since November 2013 - Comments: 24
6:26 PM, 22nd January 2014, About 12 years ago
Thanks to everyone for all the hard work to date, especially Mark.
I have e mailed my MP… John Whittingdale OBE MP for Maldon. Essex.