Page 5 - Interbay 2nd Charge Consent - Email and Docs

Brandon.R || Monkey Puzzle

From: Rachel Ip Fung Chun <r.chun@sinclairslaw.co.uk>
Sent: 05 June 2023 17:41
To: Brandon.R Monkey Puzzle
Cc: brandon.ray@monkeypuzzleholdings.co.uk
Subject: Second Charge update

Hi Brandon,

Interbay have come back to me sta ng the following:

We are concerned to note that the purpose of the second charge request is to develop our security property (of which
we were not aware). Therefore, we would be unable to provide consent to a second charge for this purpose. If the
customer wishes to discuss this further, please ask them to contact us on the below number.

I don’t think the above can be correct if you provided all the informa on on the development when you took out the loan.
Emmie sent the email so you may want to discuss this with her and discuss the background. Could it be that what you
thought was disclosed via the broker (at the me of taking out the loan) wasn’t?

Kind regards,

Rachel Ip Fung Chun
Senior Associate Solicitor, Head of Property

sinclairslaw

T: 029 2038 8398
E: r.chun@sinclairslaw.co.uk

Twickenham office: 74 Heath Road, Twickenham TW1 4BW

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