Personal Guarantee

If you have been asked to give a personal guarantee in support of a loan, then the Lender will almost certainly want to see that a solicitor has advised you on its implications.

Guarantees tend to be requested when the borrower is a company since many lenders require additional assurances that the loan will be repaid if the company is unable to do so. Although such arrangements are clear for commercial trading companies, many investors are often surprised to learn that this also applies where buy-to-let properties are held inside a company structure.

Our Expertise

We are frequently instructed to advise on personal guarantee arrangements favouring lenders as wide ranging as traditional mortgage companies, challenger banks, specialist intermediaries, and even private individuals.

Since a requirement for a personal guarantee is often discovered late in the process we are used to advising and issuing the necessary certification quickly and at short notice. If the lender allows, we can deliver our advice using a video call if this is preferable to an office based meeting.

While the law of guarantees is complicated, we deliver our advice clearly and without assuming any prior knowledge to allow you to reach an informed decision as whether entering into the guarantee is right for you.

Fixed Fees

Our advice is delivered on a competitive fixed fee basis, and where there is more than one guarantor, and the nature of the arrangements and documents are the same for each person we are able to offer a discounted reduced per person charge.

Please contact us for further guidance.

Personal Guarantee Lawyers

Julian Royle

Senior Associate