Loan Sale - Data Protection

I received a letter from my Bank saying that my loan (a joint and several property investment where a receiver sold the property last year) will be transferred to a third party. They say that they are transferring my "personal details". What does this mean? I would have submitted my accounts to the Bank over the years and indeed a settlement offer which was rejected. Will (or can) these details be given to the the Loan Purchaser? Any help would be great.

Yes, the bank are entitled to give all your personal details to the third party buying your loan. This entitlement is usually contained within the assignment clause of the mortgage agreement that you signed.

Yes, happens regularly

Thanks for that. However can you define what "personal details" can be transferred to a Loan Purchaser? For example can without prejudice correspondence be given over?

Without prejudice correspondence should by virtue that it is "without prejudice" to should not be disclosed to a loan purchaser. However, if it is, the financial institution that disclosed it can make the argument that it was "without prejudice" and therefore did not prejudice you.