West Bromwich’s Tracker Rate Victory Could Cost £2,000 million

Incredibly, two weeks ago,  the West Bromwich Building Society won a case in the High Court allowing it to increase margins on tracker rate mortgages, despite their being no increase in the Bank of England base rate, says David Lawrenson of LettingFocus.com. This has huge implications for all mortgage borrowers with a potential cost up to £2,000 million per annum in […]

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Mortgage Lenders and the FCA and Why Lenders Got Things So Wrong in The Past

LettingFocus looks at mortgage lenders and the FCA – and shows why lenders got things so wrong in the past. If you have read my past blogs you will know of the “class action” shortly to commence against West Bromwich Building Society (WBBS) who have broken their contract with buy to let mortgage borrowers and reneged on some of their old […]

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West Bromwich Mortgage Tracker Rate Cheating and Representative Legal Action

West Bromwich – your time is soon up. Time to face the music in the courts. I certainly hope that your executive will have a good explanation for your members to explain why you blew hundreds of thousands of pounds fighting and losing a court case, after you singularly failed to bully individual buy to let borrowers on Bank of […]

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Our New Newsletter Is Out in January… and a Word About Ethics in the Business of Being a Landlord

We are now closing for the Christmas and New Year break. However, our still free, new quarterly newsletter will go out in the first or second week of January, so look out for this and remember to put our email address, [email protected] in your whitelist to ensure you receive it. If you don’t already get the newsletter but would like […]

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Mortgage Tracker Rates Open Letter to Andrew Tyrie MP

In this letter to Andrew Tyrie MP I ask him to take action to stop mortgage lenders cheating their buy to let Bank of England (BOE) mortgage tracker rate customers by invoking small print terms in separate documents that were never meant to apply to BOE tracker loans. I have highlighted this by illustrating from my own personal experience with […]

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