Independent Legal Advice

When a financial institution lends money to a company it will often require a personal guarantee to be given by the individuals involved. If it becomes necessary to enforce payment from the third party the lender will want to be sure that the third party cannot claim they did not understand the documentation they have signed or that they did not know they would be personally responsible for repayment.

 

This is the reason that the lender requires the guarantor to receive independent legal advice. The guarantor may also be required to give a charge over their property as security for the money it is lending. The same situation will apply and you will be required to take independent legal advice.

 

If a bank is lending to an individual and requires a charge over property, the joint owner will be required to receive independent legal advice. The documents on which we commonly advise are as follows:

  • Occupier’s consent

  • Occupier’s waiver

  • Deeds of postponement

  • Guarantor’s advice

  • Personal guarantees

  • Debentures and legal charges

  • Third party charges

 

Please contact Zubair Dharamsi by telephone or email: zd@roselegal.co.uk

Meet the team...

Meet the team working for you. Click the photo to view that team members profile or use the button to send them an email.

Portrait of Senior Man

Zubair Dharamsi

Ash was very helpful. He gave us time to talk and decide what we wanted to do and explained things clearly."

Mr & Mrs P

We can help.

Contact us today

0208 974 7490

Back to top

If you have difficulty with mobility we can arrange to see you outside the office where there is ease of access or even at your home 

© Rose & Rose. All rights reserved. Registered Office: The Riverside Centre, 40 High Street, Kingston upon Thames, KT1 1HL 

London, Blackfriars Office: Rose & Rose WeWork, 30 Stamford Street London SE1 9PY

Rose & Rose LLP t/a Rose & Rose (Company no. OC363353)

VAT Number: GB 928 5154 08

Authorised and Regulated by the Solicitors Regulation Authority (SRA)

SRA ID: 559162