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Hi, Thank you for your question and welcome. My name is ***** ***** I will assist you. When you signed the loan, did you reasonably believe this to be a mistake? Kind regards AJ
Hi, Thank you. To clarify, is the issue here that you do not want to give the bank any additional security? Kind regards AJ
Hi, Thank you. Presumably the bank are asking you to sign a deed to amend the security? What is the consequence if you refuse to sign it? Will they not make the additional loan?
Hi, Thank you. The problem as this is a business loan, the new loan is subject to contract, you cannot therefore force the bank to give you the new loan. You can complain about their conduct to the Financial Ombudsman on the grounds that this is worth less than 2million - but I am not sure you have a civil claim for the bank refusing loan. Can you get the loan from another entity? Have you suffered any losses?
Hi, Thank you very much. Can you tell me which bank this is? Kind regards AJ