Personal Guarantee

Description

Lenders, landlords, or other credit-providers such as investors, often require third parties to loans they are giving, to provide a guarantee of the borrower’s obligations. This frequently arises with companies, whose directors may be required to give personal guarantees

This product is for our drafting to the specification we have been told is agreed, such a guarantee. This product does not include our involvement in the agreement of those terms.

Our product for advising on a Guarantee provided by someone else is Advice certification for Guarantors, Security givers, and occupiers or interested parties

How long will it take?

We don’t generally do anything for new clients until our process of client retention has concluded – this involves agreeing the scope of what we are doing for the price (our terms are below), setting-up our client record (that includes ID checks), and producing the bill (payment in advance is required for all new clients).

After that, the production of the advice and guarantee is a job that we can undertake in less than an hour once we can schedule it in our workflow, that can depend on how busy we are at any particular time. We would not usually take-on a job for which we could not engage within about a working week. Often the requirement for this advice is presented to us as being urgent (i.e. because people wait until the undertaking transactional context is almost complete before arranging this advice), so we are used to being asked to “kangaroo” these engagements into a day or two – that we do when we are able.

Money Matters

Your supplier is SRA-regulated Mounteney Solicitors, that charges VAT some customers may be able to reclaim

We charge £550 + VAT = £660

There is more about our fees on our website here

If you have any questions or require any further information, please don’t hesitate to Contact Us.