When you purchase or remortgage a property in the name of a limited company, a mortgage lender may require you to enter into a Deed of Guarantee and Indemnity (also known as a Personal Guarantee). The effect of this is to provide the lender with security that should the company default on its obligations, you as an individual will have to meet the financial commitments instead.
A firm of solicitors will already be acting for the borrower company so they will not be able to advise the company director as an individual due to there being a potential conflict of interest. They will advise a company director to obtain independent legal advice on the implications of entering into a Personal Guarantee. The independent solicitor may then have to sign a certificate confirming that advice was given, and witness the company director’s signature on the Deed of Guarantee and Indemnity.
In such circumstances, we can assist you, quite often on short notice.
We also assist with independent legal advice relating to Deeds of Consent / Letters of Postponement, HSBC indirect mortgages, transfers of equity, adding debt onto your mortgage, equity releases, statutory declarations and ID1s.
Please call us on 0207 183 0084 or email us on firstname.lastname@example.org for details on our fees and to book a mutually convenient appointment.
Ayesha Leslie, Partner
Ola Leslie Solicitors
The contents of this page are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this page.
We are will solicitors, probate solicitors, power of attorney solicitors, deputyship solicitors, guardianship solicitors, trust deed solicitors bridging finance / bridging loan solicitors, independent advice Deed of Consent solicitors, statutory declaration / affidavit solicitors, personal guarantees, ID1 solicitors and ID certification solicitors in Borough High Street, London Bridge, Southwark, but also cover South West London, South East London, North London, North West London, West London, East London, South London, Balham SW11, Balham High Road, Fulham, Purcell Gardens, Purcell Crescent, Hammersmith, Parsons Green, Fulham Broadway, Fulham Road, Kings Road, North End Road, Old Brompton Road, King Street Hammersmith W6, New Kings Road, Brompton Park, Shepherds Bush Road, Acton Vale, Westfield, Putney High Street, Putney Bridge, Kent, Esher, Surrey, Essex, Suffolk, Canary Wharf, London Docklands, Tower Hamlets, Battersea, Battersea Power House, Battersea Reach, Shepherds Bush, Wandsworth, Old Kent Road, Maldon, Chelmsford, Chigwell, Acton, Ealing, Putney, Barnes, Purley, Redhill, Crawley, Croydon, Slough, Lambeth, Lewisham, Anerley, Penge, Westminster, Chelsea, Chelsea Harbour, Holloway, Angel, Old Street, Earls Court, Gloucester Road, Hyde Park, Surrey Quays, Bermondsey, Clapham North, Clapham South, Clapham Common, Clapham Junction, Streatham Common, Norbury, Camberwell, Waterloo, Dulwich, Greenwich, Green Park, Wimbledon, Merton, Tooting, Streatham, Brixton, Norwood, Oval, Vauxhall, Cornwall, Plymouth, Isle of Wight, Maidstone, Orpington, Beckenham, Leyton, Leytonstone, Plaistow, Edmonton, Highams Park, Tottenham, Walthamstow, Bromley, Goddington, Chessington, Tolworth, Esher, New Malden, Kingston, Molesley, Southfields, Parliament Square, Trafalgar Square, Charing Cross, Bank, St Pauls, Kings Cross, Euston, Surbiton, Coombe, Carshalton, Epsom, Cheam, Morden, Leatherhead, Woking, Crawley, Horsham, Haywards Heath, Windsor, Maidenhead SL6, Egham TW20, Farnham, Farnborough, Guildford, Dorking, Cobham, Rose Lodge Wood, Littleheath Common, Claremont Park, Keston, Keston Park, Bromley, Oxshott, Downside, Weybridge, Hersham, Addlestone, New Haw, Walton On Thames, Esher, Rydens, West Wickham, Hayes, St Pauls Cray, Chelsfield, Pratts Bottom, Kent, Great Bookham, Claygate, Shepperton, Reigate, Cobham, West Sussex.