Hi, I am new to this form, and will appreciate help and advise.....

I have a buy to let mortgage with West Bromich,

I have a tracker mortgage paying 1.49%,

Today I have recieved a letter informing me that they are increasing the additional percentage of the interest paid by 2%, increasing it from 1.49% to 3.49%.

they site increasing cost of funding to support investment in properties and the fact that I have other investment properties as if they are targeting this group.

in addition to advise re my options, I will be grateful if any can advise about;

1. The legality of the action.

2. Has any other borrower experienced such a problem.

3. Any other bank/building society done the same?

Thamks