West Bromwich Building Society Tracker Margins Legal Action

West Bromwich Building Society Tracker Margins Legal Action

18:38 PM, 30th September 2013, About 11 years ago 3869

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West Bromwich Tracker Rate Mortgages Legal Action Group

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

Tracker Rate Class Actions Updates

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.

Landlords take legal action against West Brom Mortgage Company

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

West Bromwich Mortgage Company Tracker Margins Legal Action


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Comments

Mark Alexander - Founder of Property118

12:20 PM, 28th February 2014, About 10 years ago

Reply to the comment left by "Seething Landlord" at "28/02/2014 - 09:10":

No change and all will be revealed in open forum next week 🙂

Please give us just a few days to dot the i's and cross the t's now we are clear about the direction we are heading in.
.

12:56 PM, 28th February 2014, About 10 years ago

mail links don't seem to be working at the moment for me - I can only see either postings from November or the very last comment by clicking on the link to the side?

Mark Alexander - Founder of Property118

13:07 PM, 28th February 2014, About 10 years ago

Reply to the comment left by "Denise D" at "28/02/2014 - 12:56":

There is a problem with mail links following a scheduled upgrade when we knew the website would be quiet yesterday.

Our IT team are busy looking into the issue as I type.

Please bear with us.
.

All BankersAreBarstewards Smith

14:52 PM, 28th February 2014, About 10 years ago

all my newly received comments today seem to direct me towards page 160 of this thread .... just replying for the "bug fix" comment from mark ... hope this helps

14:56 PM, 28th February 2014, About 10 years ago

still opening at P160 for me

Mark Alexander - Founder of Property118

14:59 PM, 28th February 2014, About 10 years ago

Still trying to fix it, please bear with us a bit longer!
.

Mark Alexander - Founder of Property118

15:10 PM, 28th February 2014, About 10 years ago

Short term fix - the link on the right sidebar (Popular Discussions) is working and you can link to the latest comment from there.
.

Accent Design

16:05 PM, 28th February 2014, About 10 years ago

Hello,

The issue with comments link in the notification email have now been fixed.

Kind Regards

Accent Design

Mark Alexander - Founder of Property118

16:15 PM, 28th February 2014, About 10 years ago

Reply to the comment left by "Taylor Mitchell St Joseph" at "28/02/2014 - 16:05":

Thank you and PHEW!!!
.

The Man From Nowhere

22:31 PM, 28th February 2014, About 10 years ago

Reply to the comment left by "Andrew Gollogly" at "28/02/2014 - 09:36":

Andrew,

You should have received an email from The Law Department. There is a link in the email which will allow you to access the secure forum.

It is IMPERATIVE that you do access the secure forum ASAP.

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