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Why you might need a Solicitor's Certificate?

You wish to be a guarantor of a loan

Some guarantors have been able to avoid their obligations under a guarantee by, for example, claiming that they did not know what they were signing, or that they were forced to sign a guarantee. As a result, many lenders now require guarantors to obtain independent legal advice before accepting their guarantee. Some financial institutions require borrowers or guarantors to obtain independent legal advice as a condition of their loans. We will review your loan documents and issue certificates of independent legal advice on the spot, normally within 24 hours of your telephone call.

You are borrowing funds that are payable on your death (reverse mortgage)

Some lenders now offer loans to senior citizens which are only repayable in limited circumstances such as upon the death of the borrower. Such lenders usually require the borrower to obtain independent legal advice prior to advancing the funds.

Implications of being a guarantor

  • If, for any reason, the borrower does not repay the loan, the lender can ask you to pay under the guarantee.
  • Giving a guarantee or an indemnity involves considerable risk, including the risk of losing property and valuable assets. Giving a guarantee requires very careful consideration.

We will review the loan documents and, if everything is in order, issue a certificate of independent legal advice on the spot. Consultations can be completed within 24 hours.

  • If more than one person needs advice about the same transaction, we charge $220.00 for each additional person.

What to bring to the consultation:

  • photo identification;
  • all of the documents the lender has sent to you, including brochures.

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