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Showing results for tags 'guarantor'.
I have a SPV company buying a house BTL. We have received our mortgage offer and need to get a form signed saying we have received legal advice (from someone other than the conveyancer) that we understand the risks involved in being a guarantor. I have phones several solicitors in my area - Guildford, without success. The one firm that said they would do it wanted to charge £500+ costs! Does anyone know a solicitor in the surrey area that would do this? Is this fee normal? Thanks Mat
We applied for our first BTL mortgage through our Ltd Company last year and were not entirely surprised that it was insisted that the directors of the company were personal guarantors... But will this be the case forever? I have several questions: 1) Is this normal? 2) At what point will a lender lend to a Ltd Company without the requirement for guarantors? Do they start to take into account the portfolio? Capital in the bank? Previous BTLs? Thanks for taking the time to answer, Jordan