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West Bromwich Buy to Let Tracker rate hike, Contract documents

A quick page just for now, with copies of the documents that make up the West Bromwich Buy to Let Tracker mortgage contract.

West Bromwich have sent letters out informing customers they are raising the margin on tracker mortgages (so they are not trackers anymore). This affects BTL customers at the moment but the same principle could be applied to all trackers.

Is this Rate Hike Legal, make your own mind up

For more information and to join the fight against this blatant profiteering you need to visit:

www.property 118.com

All affected customers should commit to class action NOW! anyone else should be concerned that this does not lead to other lenders following suit, we need support to raise the issue.

These hidden terms could be applied to any mortgage:

How would you read this:

The KEY FACTS ILLUSTRATION part of Offer Of Loan:-

Extract

Full page where "until the term end" is stated twice. Right click to view full size

Lifetime tracker rate clearly on the West Bromwich Offer of Loan KFI

 

The Hidden condition West Bromwich thinks it is alright to use:

Extract Point 5Terms and conditions, excuse for changing traker margin

So West Bromwich think they can change the tracker rate, totally ignore contract law and the other statement on page 14.

Offer of loan over rides standard terms and conditions

Page 14 and 15 of the small print (right click to view full size)

West Bromwich mortgage conditions

For more information and to join the fight against this blatant profiteering you need to visit:

www.property 118.com

All affected customers should commit to class action NOW!

To help promote the cause I've created a few images here

 

If you have any comments about this page please skip over to the Blog, I look forward to hearing from you.