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Hello, hanks for requesting me but unfortunately this is not my area. I will open it up to all other experts on here and hopefully someone will contact you to assist. Please do not reply in the meantime as it will just assign the question back to me, thanks
Hi sorry you had to wait for a answer. I am afraid the answer is fairly straight forward and probably not the one you want. Once you have signed up to a guarantee you remain liable unless and until the bank release you. Depending on the precise wording of the guarantee the best you can hope for is that you can freeze the position. You need to check the wording of the guarantee and see if there is any termination clause. If not you can try and argue it is unfair that you can terminate it. So I would write again to Nat west saying you no longer have any association with the company and you are not prepared to accept liability for any debts incurred after a date specified in your letter which I suggest is days after your letter. Tell them if they do not agree you will take the issue to Financial ombudsman Service.