Illegal Practices We Can Help With
Do you have commercial loans for your business or property? Is your bank trying to get you to do any of the following?
- Attempting to appoint LPA receivers.
- Repossess your property / assets.
- Calling in loans even if you are trading in profit.
- Cancelling loan agreements with no warning.
- Forcing you to move to a different loan rate/ LTV.
- Forcing a shortening of the loan term.
- Forcing a refinance or repossession for non compliance
What We Can Achieve
The original loan can be on residential and/ or commercial property as long as it was commercially financed. Our team will work to:
- Stop the action from the bank by reminding them of their legal obligations to the client.
- Create a proposal for the banks to pay off the original finance.
- Refinance your new loan (or sell the property instead) as a replacement.
- Negotiate with the bank chairmen to write original loan down to around 50% of previous.
Our specialist can work with you to negotiate directly with the bank chairman on your behalf. ( We only deal with chairmen, not branch managers.)
A key point to this system working is that there needs to be an exit strategy, we cannot simply write down the debt, a sale or refinance at the end of this process is essential, because the original loan will still need to be paid off. This way everybody wins.The bank is paid off and the client keeps their business running on a lower loan rate/ value.
4 More Key Facts
- Minimum loan values considered about £3-400k.
- Timescale is about 2-3 months to complete the deal.
- None we have dealt with have been refused so far.
- You must have been contacted by the bank re any of the above scenarios.
Our 5 Point Action Plan
- Legally stop bank action against client.
- Arrange meeting with bank chairman.
- Submit proposal to bank chairman.
- Await bank response.
- Complete transaction for all parties.
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