The £50 was because they so say had to keep checking our account to make sure we could continue to make the loan repayments.
Apparently the debenture should have been in place from day 1, but due to a mistake by the bank it was not included in the terms. We just feel that they are looking for the extra security because of what has happened over the past few years with property prices.
We are looking into taking the bank account elsewhere.
I have looked through the loan agreement and can't see anything that we have done wrong to allow them to recall the lo