Straightforward ILA for third-party legal charge
Safeguard your interests before agreeing to help someone else.
What is a third-party legal charge
A third-party legal charge means that you’re offering your property as security for someone else’s debt. For example, you might be asked to provide a legal charge over your home to support a loan taken out by your child or business partner.
If the borrower defaults, the lender could enforce the charge, which could lead to your property being sold to cover the debt.
This type of agreement is high-risk, especially if you do not directly benefit from the loan. Before you agree to take on the responsibility of a third-party legal charge, you must understand the implications.
Before you sign, you must fully understand what you’re agreeing to
Why you need independent legal advice (ILA) a third-party legal charge
Agreeing to a third-party legal charge is a serious commitment.
Lenders want to ensure that you’re not being pressured into it and that you clearly understand the potential consequences. Our role is to make sure you’re fully aware of:
Ila provide clear,
jargon-free
guidance
What you can expect from us:
Your liability:
What happens if the borrower can’t repay? We’ll explain the scenarios where you could lose your property.
The risks involved:
You’re taking on significant risks without directly benefiting from the loan. We’ll help you weigh the decision carefully.
Your rights and protections:
We’ll discuss any protections available to you and whether there are ways to reduce your exposure.
How to move forward safely:
We’ll provide guidance on how to protect yourself before signing, including any steps you can take to minimise your risk.
Our goal is to ensure that you’re confident in your decision, fully informed of the risks, and aware of your options.
How it works
? ?
Get the advice you need without delays:
1
Book your appointment
2
Get ready for your appointment
3
Get your legal advice
4
Sign and complete
Visit our process page for more detailed information.
Why Choose
?
Here’s why guarantors across the UK trust us for their ILA:
Before you sign, you must fully understand what you’re agreeing to
Here’s why clients trust us for their third-party legal charge advice:
Expertise in high-risk agreements:
We specialise in ILA and have deep experience with third-party legal charges, so you’re in very safe hands.
Fast, flexible service:
We’re available seven days a week, so you can get the advice you need on your schedule.
Convenient online process:
Everything happens online, from consultation to document signing, making getting the ILA you need easier.
Clear, transparent pricing:
Our fixed fees mean you’ll know exactly what you’re paying upfront, with no surprises.
