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Guarantee Advice @ Virtual Legal

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Are you offering a guarantee for one of your children, or perhaps your partner’s business? You might be offering your home as security for a bank loan, or perhaps you’re borrowing money through your Superfund. Often, you’ll need to provide the bank or financier with a Guarantee Advice Certificate. This means you need a lawyer to read and give advice on the loan documents and guarantee before you sign it.

You don’t want to lose your home if things don’t go to plan, so it’s important you understand what you’re signing. Don’t worry – we can help. We’ll make sure you’re getting practical advice, and answer any questions so you can be confident of what it means for you to be a guarantor.

Virtual Legal

Guarantee Advice Pricing

Are you offering a guarantee for one of your children, or perhaps your partner’s business?

Mortgage Advice

$397.00

+ GST per Project
  • Review of the documentation
  • Advice online or by phone for 2 directors
  • Letter of advice
  • Legal advice certificate signed
  • Extra $100 + GST for additional person
Director Advice

$497.00

+ GST per Project
  • Review of the documentation
  • Advice online or by phone for 2 directors
  • Letter of advice
  • Legal advice certificate signed
  • Extra $100 + GST for each additional director
Non-bank Advice

$597.00

+ GST per Project
  • Review of the non-bank Loan documentation
  • Advice online or by phone
  • Letter of advice
  • Legal advice certificate signed
All prices are GST exclusive. If you require any searches or other disbursements, we will advise and add these as necessary.
Virtual Legal

Guarantee Advice Frequently Asked Questions

Are you offering a guarantee for one of your children, or perhaps your partner’s business?

No, each bank has different terms in their contracts so each agreement needs to be reviewed.
We need to give you every opportunity to fully understand the impact on you providing a guarantee, so you can ask as many questions as you need. You may come to our office if this is convenient to you, or we can arrange the meeting with you when you’re at your mortgage broker’s or accountant’s office – whatever works best for you.
Generally not, as the financier requires each guarantor to have independent legal advice which means there cannot be any other guarantor on the video session or phone call. We can do a letter of advice to each of you and a separate phone call/online advice session too. For each extra person, we don’t charge the whole package – just an additional $100+ GST per extra person.
All advice must be given by a lawyer so that you are covered by professional indemnity insurance. Paralegals cannot give legal advice.
Yes you may attend our office for the advice session but we will need you to send the loan and guarantee documents to us first, as this part can take up to 2 hours to complete. You don’t want to be waiting around that long for us to do the work.

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Virtual Legal is a fixed fee online law firm using state of the art technology to provide you with legal solutions and manage your legal transactions. Virtual Legal was created to provide access to legal services to consumers regardless of where they live or what they earn.