The Letter You Will Get If Your Lender Has Either Asked for the Guarantee to be Removed from Your BBL or the Government Yanks It From the Lender for Dodgy Goings-On, and What the Lender Will Do to Get Their Money Back from You With the Help of Law Firm TLT
What happens to such loans, well once the Guarantee has been removed, the Lender will then have to write to you with what is known as Notice of Assignment a copy of which is below, and will then be faced with either trying to chase you personally for the BBL debt still outstanding, in some instances very aggressively, or write the BBL off. […]
