Reverse their decision to increase the rate on buy to let mortgages which was not noted in their original offer letter and signed agreement.


Reverse their decision to increase the rate on buy to let mortgages which was not noted in their original offer letter and signed agreement.
The Issue
It goes against what 6700 borrowers were lead to believe. It is purely to enhance the profits of a large corporation and is against the commercial interests of its borrowers. If The West Brom are allowed to get away with this it will open the flood gates for every mortgage borrowers mortgage, be it buy to let , residential or even commercial to be changed on the grounds of being able to allow the lender to carry out their business prudently. Even though you think you have signed a mortgage that tracke the base rate and all the paper work you signed suggests that, they could still try and change it. Someone needs to stand up to them. Small groups and individuals cant and they know this . But a large group can. Which is what Mark Alexander of Property118.com is trying to do. Over 100 have already signed up but we need more support. www.Property118.com
The Issue
It goes against what 6700 borrowers were lead to believe. It is purely to enhance the profits of a large corporation and is against the commercial interests of its borrowers. If The West Brom are allowed to get away with this it will open the flood gates for every mortgage borrowers mortgage, be it buy to let , residential or even commercial to be changed on the grounds of being able to allow the lender to carry out their business prudently. Even though you think you have signed a mortgage that tracke the base rate and all the paper work you signed suggests that, they could still try and change it. Someone needs to stand up to them. Small groups and individuals cant and they know this . But a large group can. Which is what Mark Alexander of Property118.com is trying to do. Over 100 have already signed up but we need more support. www.Property118.com
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Petition created on 15 October 2013