We are going for a Business loan and had an offer from one bank. We signed the letter of offer and all of the other paperwork such as personal guarantees and such. We also are moving our mortgage and have signed the Discharge Instruction for our other bank to act.
The other bank has seen this Discharge Instruction and have now offered a better deal.
We would now like to stick with our original bank.
What are our options? Can we renege on the other deal and stay with our original bank?