A Personal Guarantee is a legal commitment where an individual agrees to be personally liable for a company’s debt if the company cannot repay.

An Occupier’s Consent confirms that someone living in the property but not on the mortgage agrees they have no rights that can override the lender’s and may need to leave if the property is repossessed.

A Third-Party Legal Charge is when someone uses their own property as security for another person’s or company’s loan.

A Transfer of Equity involves adding or removing a person from the ownership of a property while the mortgage remains in place.

A Deed of Subordination is an agreement where one lender or creditor accepts that their claim will rank behind another’s, giving the other lender priority.

A JBSP arrangement allows someone to help with the mortgage payments and be jointly liable for the loan while not being a legal owner of the property.

A Gifted Deposit Letter confirms that money provided towards the purchase is a non-repayable gift and gives the donor no rights over the property.

A Corporate Guarantee or Debenture gives a lender security over a company’s assets or promises repayment if obligations are not met.