There was an interesting article in the Times today about a bank that forged
the signature of a director and chased the director for a £1.2 million personal guarantee.
Whilst we have not seen anything as overt as this, but recently we have seen a lender chase a Director for an £80,000 PG, only to find that when we did a proper examination, the PG was actually for £9.5k.
We have also seen a lender formally demand from a director personally a guarantee of £115k. The paperwork had a PG limited to £30k.
We saw a lender attempt to sue the wife of a director for £1.6million, primarily to use it as a bargaining position to bring the husband to the table.
We also saw a bank attempt to call in a £250,000 arrangement fee on a £500,000 loan from a pair of hoodwinked OAP's.
These cases are not back street lenders; they are all high street names.
These were scary and frightening times for the people on receiving end of the claim.
If you are worried about these issues, then please drop us a line, and we will advise you of the best steps to take, but whatever you do - Don't ignore the demands!
https://www.thetimes.co.uk/article/bank-forged-my-signature-then-told-me-to-pay-1-2m-xl5svwtc7
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