|It is not uncommon for a person to be a guarantor for a personal loan, home loan or investment loan on a commercial interest. Usually this is a parent supporting one of their children however directors of companies may also be asked to guarantee a new enterprise or refinance.
Our solicitors will take you through any loan agreement or other instrument and advise you of your responsibilities under the document. Most financial institutions require a guarantor to seek independent advice prior to accepting the gaurantee.
Don't leave yourself exposed to unforeseen risks and book an consultation with our solicitors.