I'm looking at doing a property refinance in 6 months to get some extra equity but may want to do a change of director (swap wife to be director) in 3 months for a new venture starting up.
How does it work if I change the directorship in 3 months? Does the bank ask for a new guarantee to be filled out or is it up to me to tell them?
If the existing director is fine with guarantee to stay till the 6 months refinance, does it matter?
Would the bank actually know and come looking or is it up to me to let them know?
Noddy
How does it work if I change the directorship in 3 months? Does the bank ask for a new guarantee to be filled out or is it up to me to tell them?
If the existing director is fine with guarantee to stay till the 6 months refinance, does it matter?
Would the bank actually know and come looking or is it up to me to let them know?
Noddy