Remortgages and Personal Guarantees Solicitors London

Remortgages and Personal Guarantees Solicitors

We have experienced Property Law Department and can represent you in relation to any Remortgages, other Mortgage related work and Personal Guarantees.

Remortgages

Examples of situations where we can assist you with a remortgage including the following:

Where you are re-mortgaging your home to secure a better interest rent.
Where is a change of owners of a property in co-ownership, which will require new arrangements concerning the mortgage.
Where money is being raised on a property for other purposes for instance for a business or to acquire a buy to let property
Where a company is buying a property and where personal guarantees are required from the company directors to support the mortgage.
Where you are asked to guarantee the rent and tenant covenants under a residential or business tenancy

Guarantees

We can provide you with independent legal advice if you are asked to provide a personal guarantee.

This may be to support the overdraft of a company or your partner’s business or to support a corporate buy to let mortgage.

With guarantees, it is essential to ensure that if possible that there is a financial limit upon the amount of the guarantee and that it possible by giving notice to terminate further liability under the guarantee, where for instance with a corporate debt, a director leaves the company.

For issues concerning guarantees, please see this article on our website: Company Directors/Bank and other Guarantees.

Legal disputes in relation to mortgages.

We can assist with this area as well.

Where possession proceedings have been threatened or indeed actually brought by a mortgagee and if it is necessary to re-mortgage to save the property from being repossessed and sold at a forced (reduced) sale value.

Alternatively, concerning a home address, it is possible to apply to the Court to grant a stay of execution of possession, upon the basis of a repayment plan.

We can also represent guarantors where claims have been brought against them by Banks or Landlords to enforce their liabilities under a personal guarantee.

Contacting Us

There is no charge for an initial telephone call.

Please contact Mark Feldman (for remortgages) Telephone No.0208 446 6223 Email: mark.feldmann@sr-law.co.uk and for any contentious issues contact Lawrence Rodkin (Senior Partner) Telephone: 020 8446 6223 Email: lawrence.rodkin@sr-law.co.uk.

We have offices where we can meet you in Central London (at 32 Bloomsbury Street, WC1- close to the British Museum), North London (in Finchley Central N3), and in Hatfield, Herts AL9.