Bridging Loans / Bridging Mortgages What is a Personal or Directors’ Guarantee? A Director’s personal guarantee is a commitment made by a company director to take personal responsibility for the repayment of a company’s debt. Essentially, if the company defaults on its obligations, the director becomes personally liable to repay the debt using their personal… Continue reading Bridging Loan / Bridging Mortgage
Compromise Agreement / Settlement Agreement If you are facing dismissal due to redundancy, your employer may offer you a Compromise Agreement or Settlement Agreement to sign. A Compromise Agreement or Settlement Agreement is a written contract where your employer agrees to provide a severance payment upon termination of your employment. In exchange, you agree not… Continue reading Compromise Agreement / Settlement Agreement
Declaration of Trust / Deed of Trust What is a Deed of Trust? In the UK, a Deed of Trust is a legal document that defines the ownership arrangement of a property when it is jointly purchased by two or more individuals, though not necessarily in equal shares. Also referred to as a Declaration of… Continue reading Declaration of Trust / Deed of Trust
Transfer of Equity What Is a Transfer of Equity? A Transfer of Equity involves changing the co-ownership status of a property. Common reasons to initiate a Transfer of Equity include: Adding your spouse to the property’s deed after marriage or remarriage Removing an ex-partner from the deed after divorce Adjusting the ownership shares among co-owners… Continue reading Transfer Of Equity
