{"id":2466,"date":"2021-07-09T15:38:10","date_gmt":"2021-07-09T15:38:10","guid":{"rendered":"http:\/\/scotslion.co.uk\/?page_id=2466"},"modified":"2021-07-09T22:23:43","modified_gmt":"2021-07-09T22:23:43","slug":"why-do-we-ban-mortgages","status":"publish","type":"page","link":"https:\/\/scotslion.co.uk\/home-page\/why-do-we-ban-mortgages\/","title":{"rendered":"Why do we ban mortgages?"},"content":{"rendered":"

We BAN Mortgages & BAN Bank Debt?<\/strong><\/span><\/span><\/h3>\n

\u00a0Why?<\/strong><\/span><\/span><\/h2>\n

An important point is made frequently all over this website, so it seemed fair to centralise the answer. Indeed this is the policy our group of companies because of how bankers behave. The founder of Argyll Group plc lost a friend to debt-suicide and confesses to having some scars on this issue. So here is the answer to those who may have asked the question as to why we ban bank mortgages and ban bank debt…<\/strong><\/em><\/span><\/p>\n

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Bankers deprived children of enough lifeboats, then took their places to save their own baker skins.<\/strong><\/em><\/span><\/p>\n

A Bit Harsh?<\/strong><\/span><\/p>\n

Banker and shipping magnate Bruce Ismay set the trend…<\/strong><\/em><\/span><\/p>\n

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To study how disgusting some bankers can be 90 years later…<\/strong><\/span><\/em><\/p>\n

Click H<\/span>ere<\/strong><\/a><\/span><\/span><\/h3>\n

We ban bank mortgages from being raised\/registered on any of the buildings we own or that we project-manage for our shareholders.<\/strong><\/em><\/span><\/p>\n

This is public domain information and can be verified at Companies House (here<\/a><\/span><\/span>) and the\u00a0 relevant HM Land Registries (here<\/a><\/span><\/span> and here<\/a><\/span><\/span>)<\/strong><\/em><\/span><\/p>\n

We recommend you consider disposing of banks who conduct themselves in such a disreputable way as RBS. We tried getting some sense from RBS but their various departments require an urgent overhaul and continue to malfunction during 2021, over a decade from when RBS first became notoriously toxic. As a result we have little alternative than to recommend RBS customers move away from the toxicity of RBS and Natwest Banks. <\/strong><\/em><\/span><\/p>\n

You might like to give RBS PR man James Abbott a call to let him know why you are leaving the rancid organisation he works for. Simply copy this corporate PR man into the BBC Newsnight documentary and\/or “RBS Dash For Cash” articles linked below.<\/strong><\/em><\/span><\/p>\n

Though we recommend you do what the banks do to you and tape the call.<\/span> You will require to let Abbott know he is being recorded. Abbott knows precisely why we recommend customers do this. Abbott can be contacted: click here<\/a>.<\/span><\/span><\/strong><\/em><\/span><\/p>\n

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Better to Be A\u00a0<\/strong><\/span><\/p>\n

Mortgage Free Man or Woman<\/strong><\/span><\/p>\n

Here at Scotslion and the Argyll Group we have found…<\/strong><\/span><\/p>\n

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It is absolute bliss to be rid of ineffective banks.<\/strong><\/span><\/p>\n<\/blockquote>\n

They can take their neutered bank managers and plain awful, ex-directory business managers in their organisations away with them too. <\/strong><\/span><\/p>\n

They may as well not bother. The last business bank manager we dealt with was from the Royal Bank of Scotland. He approached us. At that point decades ago, we were in the unusual position of being a plc (public limited company) with no debt and no mortgages. The reason we had this bank-debt-ban policy is explained below. Our founding director lost a friend to debt-suicide and in our prospectus at that time we decided to try a novel way of business…<\/strong><\/span><\/p>\n

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Do not borrow money from banks.<\/strong><\/span><\/p>\n

Be 100% shareholder owned and funded!<\/strong><\/span><\/p>\n<\/blockquote>\n

The RBS regional business manager that approached us, clapped eyes on millions of pounds worth of net assets (buildings) and offered us a 50% loan-to-value facility so that we “could grow quicker”.<\/strong><\/span><\/p>\n

On his word, we bid on a building that was for sale at around \u00a350,000. When we eventually got through to this ex-directory RBS regional business manager, we were appalled to hear him backtrack. His word was worthless. So too was that of his festering bank.<\/strong><\/span><\/p>\n

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This\u00a0<\/strong><\/span>Amad\u00e1n<\/a><\/span><\/strong>\u00a0from the Royal Bank of Scotland plc had placed us in an invidious position. We did not know then that RBS employed crooks to set up hidden companies to steal from their customers by putting solid 100 year old firms into liquidation and grabbing the property of their customers to save their own worthless cowardly hides in the middle of the banking crisis.<\/strong><\/span><\/p>\n

The feckless regional manager was enough for us. Two telephone calls later to two of our HNW shareholders (here<\/a><\/span><\/span>) and we rustled up the \u00a350,000 to cover the concluded missives contract.<\/strong><\/span><\/p>\n

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Beware: Banks will place you in harm’s way.<\/strong><\/span><\/p>\n<\/blockquote>\n

Banks have very expensive glossy adverts (paid for by you) with beautiful black horses and cuddly teddy bear gimmicks. But at he end of the day, they are Shylocks from Shakespeare and will cut you open for their pound of flesh.<\/strong><\/span><\/p>\n

Again you may think this harsh. If you haven’t already read the iconic play be William Shakespeare, we recommend it highly…<\/strong><\/span><\/p>\n

Click Here<\/a><\/strong><\/span><\/span><\/h3>\n
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Shakespearian banker quotes: Click Here<\/a>.<\/span><\/span><\/em><\/span><\/strong><\/p>\n

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Our Company\u00a0Structure<\/strong><\/span><\/span><\/p>\n

Please note…<\/strong><\/span><\/p>\n

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The former Argyll Group plc was effectively taken private by our core group of 552 former shareholders of Argyll Group plc (before it became Argyll Group Private Equity) and 33 high-net-worth individuals (Total: 585). The administrative and nominal company co-ordinating various acquisitions and refurbishments is Scotslion Ltd.<\/strong><\/span><\/p>\n<\/blockquote>\n

It should be noted that our policy is to establish a stand-alone dedicated company for each building that our group purchases. Therefore net asset value (NAV) profiling is challenging to external visitors. We are very happy to explain these details and protocols to folk wishing to reopen their own closed shops, industrial units and empty hotels.<\/span><\/strong><\/em><\/p>\n

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A key principle is we ban all mortgages. Every project we undertake is ringfenced and 100% equity driven with no debt.<\/strong><\/span><\/p>\n

We manage the affairs of all our companies and projects due to some horrendous conduct that has left the banking industry with a badly tarnished <\/b>reputation.<\/b><\/span>\u00a0Facts: click here<\/a><\/span><\/span>\u00a0and via BBC Newsnight…<\/b><\/span><\/p>\n<\/blockquote>\n