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 November 2013 - Comments: 11
8:11 AM, 28th January 2014, About 12 years ago
EDM count now up to 15 great news
Comments: 359
8:11 AM, 28th January 2014, About 12 years ago
WOW!!! this is really rolling now – how much longer will WBBS be permitted by their members to bear the brunt of all this shit publicity – if I were an investor….
Member Since September 2013 - Comments: 333
8:11 AM, 28th January 2014, About 12 years ago
Reply to the comment left by “Mark Alexander” at “28/01/2014 – 07:59“:
Mark,
Contrary to some earlier opinions, your EDM is having a fantastic effect on the popularity, coverage and credibility of this case.
How did you think up the idea?
P.S Not that the additional support matters so much now, I have been emailing M.P Sarah Owen to ask her to sign up. A gentle email reminder sent to her today.
Member Since January 2011 - Comments: 12195 - Articles: 1396
8:31 AM, 28th January 2014, About 12 years ago
David Morris’ question to the Chancellor will be televised. It would be between 11:30 am to lunchtime today.
Watch it live via this link >>> http://www.parliamentlive.tv/Main/Player.aspx?meetingId=14656
.
Member Since November 2013 - Comments: 342 - Articles: 1
8:32 AM, 28th January 2014, About 12 years ago
Reply to the comment left by “Denise D” at “28/01/2014 – 08:11“:
Whilst our campaign gathers pace – i rather doubt that WB savers even know about this matter – ask yourself if you have funds in a savings account with a building society do you google them to find out what they are up to ? i never do… although i may start now !!
Mark has the local West Brom newspaper The Express and Star been subjected to your marketing onslaught yet ? A local campaign is more likely to attract the attention of WB savers
also i found this site http://www.which4u.co.uk/mortgages/news/16308-fixed-rate-vs-variable-rate-mortgages which is waxing lyrical about WB products…. maybe they could be another target
Member Since January 2011 - Comments: 12195 - Articles: 1396
8:41 AM, 28th January 2014, About 12 years ago
Reply to the comment left by “Richard Kent ” at “28/01/2014 – 08:11“:
Hi Richard
I didn’t think it up, I merely asked the MP’s what mechanism’s could be used to raise the profile of our message and spun these into a marketing campaign for PR purposes. I don’t know too much about politics but I am very experienced in spin and marketing 🙂
They key to this is momentum. Most campaigns never have that because they don’t join up all the necessary dots to promote their stories sufficiently.
.
Member Since January 2011 - Comments: 12195 - Articles: 1396
8:47 AM, 28th January 2014, About 12 years ago
Reply to the comment left by “All BankersAreBarstewards Smith” at “28/01/2014 – 08:32“:
Yes the Express and Star was heavily targeted by dozens of members a few months ago. All comments were removed from an article about West Brom’s new offices and instead we were given a token article about our case which wasn’t well written.
Many of our members suspect the West Brom are big advertising clients of the Express and Star and may have influenced the editors and moderators of their online articles and comments.
.
Member Since November 2013 - Comments: 342 - Articles: 1
8:48 AM, 28th January 2014, About 12 years ago
http://www.expressandstar.com/business/2013/11/28/losses-down-as-west-brom-recovery-continues/
this article on November 28th is the last time the local paper ran an article on WB…… maybe its time for another …..
Comments: 359
8:49 AM, 28th January 2014, About 12 years ago
Every day that passes reminds us how lucky we are to have found you Mark and this site – thanks so much!! I’d be a shadow of my former self by now if I was still having the sleepness nights the WBBS were causing me in the early days! (hang on tho…..shadow of my former self actually sounds like quite a good thing! LOL)
Member Since November 2013 - Comments: 252 - Articles: 10
8:50 AM, 28th January 2014, About 12 years ago
Reply to the comment left by “Mark Alexander” at “28/01/2014 – 08:31“:
Also on BBC Parliament channel 81