The Situation: Our clients were a couple who lived near Jimboomba and were going guarantor for their daughter. We were engaged to provide mortgage guarantee advice as per the bank’s loan requirements, including a certificate to confirm legal advice had been sought.

After reviewing the mortgage, we advised on our client’s rights and obligations, the consequences of loan requirements not being met under the loan documentation and explained all items in plain English so there was no confusion.

The Result: A win for our client. Our clients were able to proceed with signing the loan documentation as not only had they met the bank’s requirements but they had a full awareness of the process, rights and risks of becoming a guarantor of a mortgage.

As every case is different, the cases reported here cannot be taken as an indication of a similar outcome being likely in your case, and these reports are not to be taken as legal advice about your particular situation.