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Barclays Secured loan


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I have a secured loan and overdraft with Barclays Bank. This was for working capital for a business. The business is no longer trading, Barclays have been very patient as I have been trying to sell the house to pay off the outstanding, approx £62500.

I have not been able to sell the house, even reduced the price drastically.

My uncle says he can loan me the money to pay the bank off. He has about £50k he can lend.

Do you think the bank would accept this is F & F? How shiuld I go about requesting this. Any help gratefully received.

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