Coutts Lawyers & Conveyancers is a powerful female-founded law firm with a core value system that puts people first. Our reputation as the legal business of choice in New South Wales is recognised by our many awards.
The team at Coutts have the expertise and experience to stand behind you and give you legal advice in a language you understand... without the legal jargon.
Coutts welcomes the opportunity to help you start a business, purchase a business, or sell a business in Australia.
Coutts Commercial and Business team takes pride in providing comprehensive legal services to businesses of all sizes.
At Coutts, our legal team offer the best service in a time where you feel at odds with the law.
Coutts provide expert legal advice in all employment related matters for both employers and employees including, but not limited to the following key areas.
Coutts provide legal advice in all areas of family law including; property settlements, divorce settlements, all types of parenting matters and the drafting of binding financial agreements and binding child support agreements.
At Coutts, we understand the devastating impact personal injuries can have, not only in a physical capacity, but also your emotional, mental and financial well-being also.
The important role conveyancers plays when people are buying and selling of property.
Have you been called as a witness by the Royal Commission into Violence, Abuse, Neglect and Exploitation of People with Disability? If so, you may be eligible to receive government funded legal representation.
A will is a legal document that specifies how you wish your assets and liabilities to be distributed following your death.
Mortgage Documents and Guarantor Legal Services
When it comes to mortgage and guarantor documents, you can rely on us for comprehensive support. Our team of Mortgage Lawyers is experienced with the intricacies of these legal contracts. We ensure your agreements are robust and strategically crafted, offering you sound legal protection. Our commitment lies in safeguarding your interests, and we meticulously handle every aspect of contract negotiation and execution, paying utmost attention to detail.
Adriana Care Managing Partner
When individuals or businesses need to borrow money from the Bank in some instances the mortgage documents are required to be completed by a Mortgage Lawyer and a Solicitor’s Certificate of Independent Legal Advice is obtained particularly if there are guarantees involved.
At Coutts, our Mortgage Law team have expertise in reviewing bank mortgage and guarantee documents and providing independent legal advice that is required in order for the loan to be finalised and approved by the financial institutions.
Need a Mortgage Lawyer?
If you are looking to borrow money or be a guarantor for someone who is borrowing money, it is pertinent to obtain independent legal advice before you sign any documents. Reach out to our Mortgage Lawyers so we can assist you in the process and ensure you are aware of your rights and obligations prior to entering into any formal agreement.
Reach out to Coutts Lawyers via our website, phone, or in person. Briefly describe your matter.
Schedule and attend a meeting with a Coutts lawyer / Conveyancer to discuss the specifics of your matter and desired outcomes.
Share all related documents and information. Your lawyer / Conveyancer will review everything, clarify aspects as needed, and then advise on the best action course.
Based on the advice, an appropriate action plan will be formulated. This may involve communication, documentation processes, or further legal steps.
Execute the action plan, addressing a range of legal scenarios as necessary.
Navigate towards a resolution, with the path determined by the nature of the matter. Your Lawyer / Conveyancer will outline any final actions or considerations.
Meet Adriana, The Managing Partner at Coutts Lawyers & Conveyancers, and the head of our esteemed Property and Commercial Law teams. With over twenty years of expertise, Adriana’s profound experience has fostered unwavering trust among her clients and solidified her esteemed standing within the Macarthur community. Her stature as an authority in Property and Commercial law is well-established.
Being a guarantor for a mortgage involves taking on a legal obligation to make loan payments if the primary borrower (the person seeking the mortgage) defaults on their payments. As a guarantor, you essentially “guarantee” that the mortgage will be paid, providing extra security for the lender. This can be a significant financial responsibility, so it’s essential to fully understand your obligations before becoming a guarantor.
Yes, being a guarantor can affect your own mortgage application. When you act as a guarantor, it’s as if you have taken on a new debt obligation. Lenders will consider this additional financial commitment when assessing your creditworthiness for any future loans or mortgages you may apply for. It can impact your ability to qualify for loans or mortgages, as well as the terms and interest rates offered to you.
In this type of guarantee, the guarantor promises to make payment if the primary debtor (the person responsible for the debt) fails to do so. It ensures that the creditor (the entity owed the debt) will receive the payment owed, even if the debtor defaults. A common example is a co-signer on a loan, such as a student loan or a car loan, where the co-signer agrees to make payments if the borrower cannot.
This type of guarantee is also known as a performance bond or surety bond. Here, the guarantor guarantees the satisfactory completion of a contract or project on behalf of the debtor. If the debtor fails to perform as agreed, the guarantor steps in to fulfil the obligations or compensate the creditor for any losses incurred.
In this guarantee, the guarantor commits to using their best efforts to collect a debt owed to the creditor. This is common in the context of debt collection agencies. The guarantor may purchase the debt from the creditor and attempt to collect it from the debtor. If successful, the guarantor keeps the collected amount but may pay the creditor a reduced sum.