The question is about the responsibilities of a company director for a mortgage that was signed for when you were previously a Director.
A company has a mortgage on a residential property. If you were a Director of the company when the mortgage was taken out - but no longer a Director or an employee of the company in question (left two years ago) - and if the company is unable to keep up the repayments on this property – and the bank closes on the property – are you (as a former director) responsible for the liability? on the basis that you were once a director at the time the loan was taken out?