Banks still in old groove

Realtime_2

Wife and I have proceeds from a property sale in various Bonds, all within the safety limits and UK based. Considering a property purchase, to acquire at a preferential rate completion would have to be about 1 month prior to maturity of 2 of the bonds, cash is available for the initial deposit etc.
Spoke to NatWest re possibility of a short term loan against the bond/s as security, knowing the maturity date and amount. Was amazed to be told "don't you realise that bonds are high risk" we could not lend against that type of security ! after pointing out they were all within secured limits and that none were with them the person returned and said they might only be able to lend on a personal loan basis secured against income, (that's a lower risk ??) declined and told them they had missed the point.
Next stop HSBC, would only consider a loan if the bonds were all with them !! (who would have been taking the risk then !) then decided they could not lend anything. Didn't really want to borrow at all, but an interesting exercise in how active the banks are in not helping people and not wishing to lend, unless possibly with a commission based personal loan, and possibly some commission based redundancy cover to go with it.

LardyCake

Perhaps they thought you were talking about corporate bonds (which would be a risk) when you were (I presume) talking about fixed rate & term deposits.

Realtime_2

I did at one stage wonder if they were mis-understanding me, so made it quite clear they were fixed rate and term bonds, who they were with maturity dates and what interest I was receiving on them (although that was irrelevant) . Maybe I lost the plot somewhere .
Thanks for the comment.

sons_2

If you are talking about fixed interest deposit accounts word it to them in that way, they may have somehow misunderstood you (natwest that is), they may have been thinking about corporate bonds.