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NatWest / natwest pulls plug at last min

1 Truro, England, Cornwall, United Kingdom Review updated:

We Need you hi my name is peter Woodford I am writing this
Because I have had some real shocking and devastating news from the
Bank being Nat west of Truro Liza Stansfield being my adviser, a bit
Of history with myself and the bank,
I a local builder from the helston area, and just completed a new
Dormer bungalow in mullion with the bank being my backing because I
Have a lot of collateral in my home which I and my wife have worked
Very hard for over many years in improving our houses has we went on
After the mullion project we and the bank looked forward to a new
We discussed with the bank how much we could raise for the new project
And they came up with a Figure of £750, 000 and then looked forward to
Doing Business with them,
Mr's Elisabeth stansfield being my manager from NatWest said ring me as
Soon as you have seen anything on the open market being anything from a
Renovation to a building plot,
"All going great"
Found new project, phoned Elisabeth at bank asked wear did I see it I
Said in the West Country property auctions who have a number of
Specialised valuers behind them,
Elisabeth said go to the auction and have a bid, so went and bid on and
One lot no 16 being 123a meneage street Holston Cornwall tr13 8rl
Former chapel currently being used as a squash court with planning
permit ion in place for 5 apartments
auction guide £285, 000+ and got it for £320, 000,
after that I phoned bank up straight away she said that’s great, the
deposit was £32, 000 I had a working overdraft of £25, 000 the auction
was on Tuesday 4th march 2008
she said that she will up my overdraft to £42, 000 straight away but
will not pay it out the deposit of £32, 000 until she had it rubber
stamped as it were "her words" so I did not loose my deposit,
had a phone call from the Elisabeth from bank answer from underwriters
everything ok so she sent deposit off everything ok, at the auction us
signed the contracts and it had to be done by the 3rd April bank said
that’s fine
(left in there hands)
they instructed dowlling Dodd to survey property
I met Glynn from dowlling Dodd at property he said to me that he was
gob smacked how good the condition the building was, he was expecting a
complete mess anyway seemed a very positive meeting, in the mean time
peter Sedgwick from nalders is trying to get hold of Elisabeth from Nat
west, finally did she said to him on phone that she would have the
paperwork ready on time no problem, everything seems fine
BOMBSHELL came from bank on the day of legal completion that they are
pulling out because the dowlling Dodd’s report valued the property a
full £120, 000 lower than what I paid for it which is outrages to say
the least peter my solicitor said that is totally unacceptable so today
he is on phone to her today; a friend said I should contact you
because I don't at this time now what I am going to do, the bank have a
2nd charge over my property, they have just instantanalsty put me, my
son, who works for me and whole family home at risk I don't now weaver
to go to papers or what?
homes under the hammer was there and they was very much looking forward
to filming the project, when I told them today, they was absolutely

my address is (bodillyvean, trenear, helston, Cornwall, tr13 0er. contact phone number is [protected]. please get in touch.

Yours sincerely, peter woodford

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