Survival tips for ‘bank trouble’


Posted on November 1st, by editor in Caring Times. No Comments

Financial lawyer ESTELLE CLARKE offers advice on what to do when a bank alleges a breach of lending conditions

Some lenders are responding to their own crises by requesting that their financing arrangements, such as are in place with care sector borrowers, are re-priced (and/or the terms of such arrangements are changed).

Increased pricing (and changes in terms such as repayment) can put an unsustainable strain on borrowers. A bank may contact its borrower asserting a breach of the documents that the lender and borrower signed when the loan was taken out. Translating such ‘bank speak’ bluntly, the borrower is told by the bank that there has been a breach a





Comments are closed.


Latest blog posts

Inconstant gardeners

By Caring Times editor GEOFF HODGSON

Last Saturday was fine and dry so I managed to put in a few hours on our allotment. Not...

When the chips go down . . .

By Caring Times editor GEOFF HODGSON

I have heard people say they couldn’t get by without their smartphone, and I suppose this must be true...

Loneliness behind the front doors

By Guest Blogger KEITH LEWIN

Last week SCIE issued its monthly ‘Briefing for Commissioners’, its focus is on social isolation which it correctly says “can...