To be effective, the advice must come from a solicitor who is genuinely independent of the lender and the borrower. We act only for the guarantor in these matters - never for the bank, and never for the person whose debt is being guaranteed - so the advice you receive is unambiguously in your interest.
What's Included
The certificate typically includes.
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01
Solicitor's Information
Name, practising certificate number, and firm details of the solicitor providing the advice.
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02
Client Information
Full name and details of the guarantor or party receiving independent advice.
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03
Description of the Matter
A clear summary of the loan, lease, or guarantee the advice relates to.
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04
Advice Given
Confirmation that the risks and obligations were explained in plain English.
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05
Date and Signature
Signed and dated by the solicitor to confirm the advice was properly given.