Quick & Reliable Personal Guarantees Advice
- Specialists in independent legal advice personal guarantee
- Quick turnaround times and same-day appointments for urgent decisions
- Upfront and transparent pricing, no hidden fees
- Fully remote consultations
- Jargon-free advice in plain english
- Expertise in property and finance
- Hassle-free compliance and documentation
- Award-winning ILA services
What is a Personal Guarentee?
A personal guarantee is a legal commitment where you agree to be personally responsible for repaying a loan if the primary borrower (usually your business or another party) can’t meet their obligations. If things go wrong, your personal assets, like your home, savings, or investments, could be at risk. Personal guarantees are a serious commitment. Before you sign, you must fully understand what you’re agreeing to. That’s where we come in. We provide clear, jargon-free independent legal advice for personal guarantees that you can trust.
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Who Requires It:
- High-street lenders and banks
- Bridging finance lenders
- Investors and private lenders
- Mortgage providers
- Asset finance providers
- Solicitors representing lenders
- Guarantors acting for spouses or partners
Ila provide clear,
jargon-free
guidance
Why Independent Legal Advice Matters for Legal Charges
Lenders require ILA to ensure that you, as the guarantor, fully understand the implications of signing a personal guarantee. They want to be confident that you know what’s at stake and that you’re entering into the agreement willingly, without any undue pressure.
Our job is to help you make sense of the details, so that you’re not left facing unexpected risks down the line. We’ll provide clear, jargon-free guidance on what the guarantee really means for you.
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At iLA, we ensure you fully understand the risks, obligations and potential liabilities involved in signing a personal guarantee. Our solicitors provide clear, comprehensive guarantor legal advice, explain the fine print in plain English, and outline any alternative options available to you. You’ll receive the clarity and confidence you need to make an informed decision.
Here are some of the benefits of getting ILA:
- Protects guarantor rights
- Clarifies legal risks and obligations
- Reduces potential disputes
- Ensures guarantees are enforceable
- Safeguards you against legal risks
- Strengthens your legal position through informed consent
- Supports faster approvals in the borrowing process
Why is ILA Mandatory?
Guarantor independent legal advice is mandatory in the UK to ensure that guarantors understand the significant financial and legal risks they’re undertaking when they sign up. Personal guarantees can make you liable for an individual or company’s debt, making it necessary for courts to verify that you’ve agreed to the terms and conditions of these agreements with full awareness.
For lenders, an ILA protects their rights by making the agreement enforceable and for guarantors, it helps prove that they were under no undue influence or pressure. This minimises the risk of future disputes due to misunderstandings or claims of not having been aware, thereby allowing for transparency and fairness.
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The Risks of Signing a Personal Guarantee Without Advice
Signing a personal guarantee without proper legal advice can put your savings, home, and financial future at risk. This is because independent legal advice on personal guarantees helps you avoid unlimited liabilities and protects your assets and investments from being pursued as repayments against default.
Not just that, with an ILA, you are well-informed about potential payments and avoid being held responsible for hidden charges or interest, which can be lost in legal jargon. A personal guarantee independent legal advice can help you limit your chances of bankruptcy and long-term financial damage in the event you’re called in on your guarantee. Skipping an ILA can weaken your position in negotiations or if you’re taken to court, leading to a great amount of personal and financial stress.
Consequences of No ILA
- Taking on unlimited liabilities, both financial and legal
- Misunderstanding joint or several liabilities
- Weak defence if taken to court or if a guarantee is called in
- Higher risk of personal financial loss and long-term debt
- Missing hidden charges and penalties
- Impact on credit scores
- Non-compliance with lender requirements
- Potential delays in loan applications
- Strained relations between key stakeholders
What you can expect from iLA
When you come to iLA for legal advice on a personal guarantee, you get more than just a quick sign-off. We’ll make sure you’re fully informed about:
Your liability:
Understand exactly what you’re committing to and the specific circumstances under which your personal assets could be at risk.
The fine print:
We’ll break down the guarantee terms, so you’re aware of all the potential scenarios.
Your options:
We’ll discuss whether there are alternative arrangements you could consider or ways to mitigate your risk.
Protecting yourself:
We’ll advise on any steps you can take to safeguard your personal assets before signing.
You really just want quick and easy ILA. But it’s also essential to make the best decision for your situation.
How Our Independent Advice Meets Lender Requirements
Lenders often require a solicitor’s certificate before accepting a personal guarantee. Our guarantor's independent legal advice service is designed to meet that need with precision and professionalism. We offer ILA service in full compliance with lender and solicitors' requirements, verifying it for validity and enforceability.
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Lender expectations we meet
- Identity verification
- Confirmation of informed consent
- Review of documents
- Legal and financial liabilities explained clearly
- Unbiased expert advice
- Compliance with lender or solicitor requirements
- Issuance of the ILA certificate
- Secure digital meeting online
Are You Eligible for Our Service? Who We Help
We support a wide range of guarantors from business directors to family members, ensuring everyone gets the legal clarity they need.
- Company directors signing as guarantors for credit facilities or business loans
- Entrepreneurs and small business owners
- Property investors or developers
- Guarantors for equipment or asset finance
- Family members acting as guarantors
How it works
? ?
You won’t find guarantor legal advice quicker anywhere else! Our process is streamlined, so you can get the advice you need without delays. We’ll handle all of the legalities and communication with your lenders, so you can focus on making the best choice for your future.
You can easily access our independent legal advice for personal guarantee services from the comfort of your home or office. The process is entirely online, and you can book your appointment through our website or via telephone.
Our fees are based on your level of urgency, so that you can choose a service based on your need. We offer a fixed pricing model upfront and are available to give you clear, professional advice 7 days a week, 365 days a year.
1
Book your appointment
2
Get ready for your appointment
3
Get your legal advice
4
Sign and complete
Transparent, Fixed Fee Legal Advice
We believe in clear, fixed pricing so that you don’t have to worry about any hidden fees or charges. Our pricing is based on urgency, so that you have the flexibility to choose a pricing plan based on your requirements.
Our fee plans are structured as Diamond, Gold, Silver and Bronze. You can learn more here.
Why Choose
?
Here’s why clients across the UK trust us for personal guarantee advice:
Specialist focus on ILA:
Independent legal advice is all we do, giving us unmatched expertise and insight.
Fast, flexible appointments:
Need advice urgently? We’re available seven days a week, with appointments often available within hours.
Convenient online process:
Everything happens online, from consultation to document signing, so there’s no need for office visits or delays.
Transparent pricing:
No hidden fees, no surprises. You’ll know exactly what you’re paying from the start.
With expert solicitors, fast turnarounds and fixed fees, we’re here to simplify independent legal advice for personal guarantees.
Before you sign, you must fully understand what you’re agreeing to. Our approach is designed to take the stress out of the process.
FAQs
Our ILA service is offered online via video call, making independent legal advice for personal guarantees easily accessible and convenient. You do not have to meet a solicitor in person to receive ILA.
Book Your Consultation or Call Today
Get the advice you need. Get your funds moving quickly.
Signing a personal guarantee is a significant decision with long-lasting consequences. But getting ILA doesn’t need to be a long-drawn-out process. Make sure you fully understand the risks, so you can move ahead quickly.
We’re regulated by the solicitors regulation authority (SRA), have a 5 star rating on trustpilot and were awarded the best specialist finance partner in 2024 by the Bridging & Commercial awards. Our co-founder Anastasia Ttofis has been consistently featured in leading legal publications and continues to make a difference with ILA.
We’re here to assist you 7 days a week from 8 am to 8 pm. Call us on 020 4571 9207 today. Alternatively, if you have any questions about getting independent legal advice for personal guarantees, email us at ask@ila.co.uk.
