Borrower has current account and loan with Bank1 who have charge over the property. Plenty of equity. Borrwer is moving his overdraft to Bank2. Borrower is not moving the loan because Bank2 can't match Bank1's deal (Bank2 are offering much better deals with the overdraft etc - thus the move). So borrower will retain current account at Bank1 to service the loan. The overdraft facility on the current account at Bank1 will be removed - borrower will make sure the current account at Bank1 is always in credit. Bank1 is are retaining its charge over the property. Because the equity is so large, Bank2 just want to take out a second charge on the property. Bank1 are bitter they have lost the current account. Bank1 had confirmed verbally that there would be no additional costs for this arrangement, but today Bank1 have notified the borrower that they want £400 to allow Bank2 to take out a second charge. Is this permitted? Is it anything to do with Bank1 that Bank2 (or anyone else) is taking out a second charge? Or is this sour grapes because Bank1 has lost the business?