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Buachaill, Barrister
Category: Law
Satisfied Customers: 10949
Experience:  Barrister 17 years experience
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We need legal advice in respect of a personal guarantee we

Customer Question

Hi we need legal advice in respect of a personal guarantee we are making for a business loan.
The solicitor needs to sign a form to explain they have given us legal advice on making a personal guarantee. Is this something you can deal with over the phone or online and if so, how much would it cost please. Many thanks
Submitted: 1 year ago.
Category: Law
Expert:  Buachaill replied 1 year ago.

1. Dear *****rh, you will have to attend in person at a solicitor's office in order that you get legal advice about a guarantee you intend to sign, I regret to say. It is not something that can be done online or by phone. This is because the solicitor will personally take on a liability for advising you if you sign the guarantee. So the solicitor will ensure s/he sees you and that you understand what you are signing. The costs is like to vary between GBP 60-80 for doing so. It depends upon the solicitor. However, you should negotiate with the solicitor before you do so. You will find some solicitors who will be willing to do it for less than this amount. So you should shop around.

Expert:  Buachaill replied 1 year ago.

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