I act as guarantor on a mortgage on a spanish property owned by a spanish limited company. I have a.

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I act as guarantor on a mortgage on a spanish property owned by a spanish limited company. I have a guarantor agreement with Barclays bank (based on UK not Spanish law) who provided the loan.
The mortgage is interest only and based on libor rate.

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Barclays have admitted manipulation of the libor rate and would have been aware of this at the time both the mortgage was arranged and the guarantor agreement was signed. I have adivsed Barclays that I am no longer prepared to act as guarantor to the loan since it is my view that the mortgage agreement is void. Would appreciate your views please.

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