Your banking relationship may previously have been totally harmonious, however if you now find that your bankers are pressuring you, for any of the following reasons:
Bank demanding capital repayments?
Do you have an illegally sold “Swap” or “Hedge” in place?
Bank wishing to impose higher interest rates and other spurious charges, such “as annual support fee”.
Is the bank threatening to appoint an LPA Receiver?
Do the loans exceed the disposal value?
Are you facing cash flow issues, because of the payment terms of the loans?
Do you have Personal Guarantees in force with your lenders?
Are your bank debts in your personal name?
Is all of your own money invested in your property/properties or business?
These are questions that you need to have answers for urgently, if you are to avoid becoming a victim of the current financial situation. Remember your banks are so busy trying to save themselves that no matter how long you have banked with them, to them you are just a statistic!
It may be possible to write down the loans to a level that makes your properties viable and thereby protecting your investment for the future.
For a great number of people in your position there is Light at the End of the Tunnel!!!
You have nothing to lose and everything to gain, so call GAG today...