Independent Legal Advice
Independent Legal Advice (ILA)
We provide a range of Independent Legal Advice services, including Personal Guarantees, Joint Borrower Sole Proprietor mortgages and Occupiers Consent waivers. These appointments can be carried out via video call or in person depending on your needs. Each ILA takes between 15-30 minutes and our solicitors will deal with signing and sending the necessary paperwork after your appointment.
We charge an initial fixed fee of £200 plus VAT per ILA, per person. Subsequent/multiple ILAs are charged at a reduced fee of £150 inclusive of VAT.
If you are mortgaging a property through a limited company then it is likely you will need to give a Personal Guarantee. It is usually a requirement of your lender that you will require independent legal advice from a solicitor as to your liability under the Personal Guarantee.
Joint Borrower Sole Proprietor Mortgage
If you are acting as a guarantor on a mortgage for a third party and you will not be on the Title of the property, then it is likely that the lender will require you to obtain advice from a solicitor as to the implications of this.
If you are over the age of 17 and will be residing in a property that you do not own, then you will need to sign an occupiers consent waiver and be advised accordingly by a solicitor.
Please contact the office to book your appointment with Jane Elgar or Holly Johnson.