If a bank or lender has asked you to get a "guarantee certificate" relating to a new loan, you're in the right place.
Some financial institutions require borrowers or guarantors to obtain independent legal advice as a condition of their loans. These are commonly required where:
- parents are guaranteeing their child’s home loan;
- a person is guaranteeing a loan for the purchase of a property through their Self-Managed Superannuation Fund (SMSF);
- a person is guaranteeing a loan to a family trust;
- a borrower is contributing less than 20% of the property value; or
- a person is guaranteeing the debt of their spouse or other family member.
We’ll guide you through your loan and security documents, making sure you understand everything clearly and feel confident about your decisions.
our services
How we can help you
Clear advice on your loan and security paperwork
Certificates of Independent Advice
$990 inc GST
We will:
- review the documents the lender has sent to you (you must give us all of these documents, including the brochures, at least 2 business days before the conference);
- meet with you in person at our office and advise you in relation to the documents; and
- provided everything is in order, sign the certificate.
In most cases, we are only able to advise one borrower or one guarantor in relation to a transaction.
Please note:
- This service is not available by telephone or video conference.
- This service is not available for advice on complex commercial loans, for people who require an interpreter, or for transactions which involve borrowings over $2 million.
- Our fixed fee for this service is for one borrower or guarantor for a straightforward loan or guarantee. Additional charges will apply for more complex documents or transactions or if we are acting for multiple parties (where we consider it appropriate to do so). Upon receiving the documents, we will confirm that our fixed fee applies, or inform you of any additional charges.
- If you require an urgent appointment (and if we can accommodate it), a surcharge may apply.
