23/09/2026
Going guarantor for a loan can feel like a big weight on your shoulders.
If you’ve been asked to guarantee a loan as a director for your business, or for your kids so they can get into the property market, your bank will likely require you to get independent legal advice before the loan settles.
At Legali we walk you through:
- Exactly what you’re guaranteeing, and for how much
- What happens if the borrower misses payments or defaults
- Whether your liability is limited or unlimited, and what assets are at risk
- How the guarantee interacts with any mortgage or security you’re providing
- What your options are if you want to be released from the guarantee later.
-Any other questions you have.
If your bank, broker, or lawyer has asked you to arrange independent legal advice as a guarantor, contact us to make an appointment.
Bring your loan documents, come with your questions. You don’t sign anything until you’re genuinely comfortable.
