Banks routinely ask for a ‘Mortgage Debenture‘ for lending of almost any size (there was a time when it was mainly for larger commercial lendings). A client who recently provided the bank with this security asked me to explain what it was – a bit belated but he is not the only one who understood it Read more about So…what is a Mortgage Debenture?[…]

Vince Cable has announced that the banks are not telling the truth about how many business loans they agree. The Banks (Lloyd’s most publicly) assert that they consistently approve 8 out of 10 Applications. The real issue here is the banks loan equivalent of the ‘sales funnel’. It may typically go like this: Step One: business owner (who may Read more about ‘Deceit on bank lending’? No, but Vince Cable is on the right track[…]