Dealing with Bank requirements

 

Whenever a business needs to borrow money from a bank it will find itself faced with a lot of documentation from the bank. The bank will want to ensure any loan will be repaid by taking security. The security is most likely to be a charge over land or other assets (a legal charge or debenture), or a personal guarantee from a Director. However the bank could seek other forms of security as well.

 

When borrowing money from a bank you will need independent advice so that you fully understand the documents you are signing. We regularly deal with the security paperwork used by banks such as Barclays, National Westminster, HSBC and Lloyds TSB as well as some of the less well known names.

 

Because of the complex issues involved we will not advise a co-owner simply upon the consequence of his/her signing a mortgage or guarantee document.