West Brom building society has just dropped a bombshell on people with buy-to-let tracker mortgages. By finding a miniscule loophole in some wording in a booklet - not in their mortgage offer, but in a booklet - they have just DOUBLED their interest rates overnight. If you are a West Brom customer and this affects you, there is a group getting together legal action at //www.property118.com. If you're not with West Brom, but you have a buy-to-let, you should have a look as well - Bank of Ireland has done the same, and it is likely that Barclays and Mortgage Express are about to do the same.
In fact, anyone with a tracker mortgage should take a look at this website and consider getting involved in the campaign - if West Brom and Bank of Ireland succeed in this, no-one's mortgage is safe. This is one of the biggest screwovers by the banks since 2008. This time let's not let them get away with it.
//www.property118.com
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You need to read this if you have a buy-to-let
27 replies
starrystarryknut · 30/09/2013 17:40
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