Australia Wide!
Australia Wide!
The lawyer behind ILA Australia. Completed his law degree at the University of Queensland. Qualified and registered as a solicitor in Queensland, and a member of the Queensland Law Society.
Registered to engage in legal practice in New South Wales, Victoria, South Australia, Western Australia, Northern Territory, the Australian Capital Territory and Tasmania.
ILA Australia has been created to fill a need in the Australian legal market to provide the necessary legal advice to personal guarantors, quickly, efficiently and professionally.
Independent legal advice certificates are required by many lenders when providing loans to a company, and lender requires extra security from a personal guarantor. Because the personal guarantor is not ‘directly’ liable to repay the loan to the lender, legal advice is required to ensure the guarantors know their own personal risks and obligations to pay money to the lender in the event the borrower is in default of the loan.
We focus on providing this independent legal advice to personal guarantors for many loan types, and act quickly, efficiently, and all for fixed fees published on our website.
A legal advice certificate confirming that a personal guarantor has obtained independent legal advice about the risks and obligations associated with being a third-party guarantor to someone else’s financial lending.
Business lenders often requires directors, shareholders or others to personally guarantee a business loan. It acts as extra security and when the guarantor is not going to benefit, they likely need to obtain legal advice on the guarantee terms.
For super fund loans, each SMSF Member must usually personally guarantee the borrowing for the SMSF Trustee. You’ll need to see a lawyer to obtain legal advice (as personal guarantor) on the effect of these SMSF mortgages and the potential risks involved.
Lenders often require directors, shareholders or trust beneficiaries to personally guarantee a property loan. It acts as extra security and when the guarantor is not going to benefit, they likely need to obtain legal advice on the guarantee terms.
Legal Advice required by Personal Guarantors as a Special Condition of a Loan. Including:
No Problem! Some lenders require the solicitor providing the legal advice to witness a statutory declaration stating you received the legal advice.
We can witness those documents online, via an audio-visual link.
We can either sign entirely electronically, or exchange ‘wet’ signed documents via Express Post.
No Problem! Once we have completed your legal advice session, we provide you with a ‘wet’ signed independent legal advice certificate.
We will also provide you with a scanned copy of the certificate plus we express post the original certificate to you, the bank, the lender or the broker, as you might wish to instruct us to.