Thank you Norwood?

Question

In this particular case there were two original lenders. My solicitors (M&Y) and my company (MF). A bank agreed to advance funds to the borrower specifically to remove the MF loan, however, M&Y chose to use the funds to reduce their loan. The bank have claimed that they are subrogated to M&Y (as this suites their purpose) however, I now have evidence that it was the banks intention that their money was provided to repay the MF loan. Would you be willing to enter into an exchange of emails? Many thanks!

Answer 1

Whatever the banks original intention, they seem to have changed their mind ..

I can only suggest you call in the loan made by your company .. (this, I assume would cause the borrower to go back to the bank for a further advance).