Why you need legal advice before being guarantor for a family member or friend’s loan

By |2022-06-16T01:58:45+00:00June 16th, 2022|FAMILY LAW|

If you are planning on assisting a family member or friend to obtain a loan by offering your own property as security for the loan – also known as being a guarantor – the bank/lender will usually require you to obtain independent legal advice first, so that the Bank can be assured you are fully aware of your rights and obligations. Being guarantor for someone [...]