As noted in the last blog with regard to HBOS, the lending policy of HBOS was very aggressive. It’s symptomatic of an institution that is going hell for leather for market shares by sacrificing some first principles of lending.
There has been particular comment in the press about the lending practices of the Reading business centre of HBOS, where it is alleged that customers were encouraged to take up facilities they did not need or indeed, under normal scrutiny, could not justifiably afford. This all adds grist to the mill when challenging the validity of a personal guarantee or the funding that it relates to.
For more information, have a look at our website at www.personal-guarantee.co.uk
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