When applying for a mortgage or loan, it often requires a solicitor to certify that borrowers and guarantors fully comprehend the risks and financial implications involved.
We offer independent Legal Advice whenever you need it at a very reasonable fixed price of £120.00
1. Director’s Personal Guarantee: For property purchases within limited companies, directors often require Personal Guarantees, offering added security beyond the company's limited liability. We ensure comprehensive understanding of associated risks.
2. Joint Borrower Sole Proprietor: This service addresses situations where the borrower differs from the security provider, ensuring fairness and preventing undue influence.
3. Occupiers Consent to a Mortgage: Essential when a property is occupied by multiple individuals who are not joint owners, safeguarding lender rights in case of default.
4. Transfer of Equity: Advised for changes in property ownership or mortgage status, such as transfers between joint or sole owners.
5. Bridging Loans: Crucial for short-term funding when traditional banks cannot meet deadlines, using property as security with clear explanations of associated risks.
6. Equity Release: Essential for retirees looking to convert property equity into capital, enabling them to maintain their home without downsizing, with mandatory legal advice.
7. Statutory Declaration: a formal statement made under oath or affirmation, used to assert that certain information is true to the best of the declarant's knowledge
8. Redundancy Agreement: An agreement between an employer and employee outlining the terms and compensation related to the termination of employment due to redundancy.
For Independent Legal Advice (ILA) please contact AVK SOLICITORS & ADVOCATES;
