personal guarenteee for business loan

nw66

DCFC79 wrote: »

Land registry website might also tell you if you cant find paperwork.

maybe i am missing something but how will the land registry know about a personal guarantee at the bank? the bank don't know who my mortgage is with, wouldn't they need to know in order to somehow secure the guarantee ? Also wouldn't they need my partner to sign and agree to it being secured on the house as he is joint mortgagee?

calleyw

nw66 wrote: »

maybe i am missing something but how will the land registry know about a personal guarantee at the bank? the bank don't know who my mortgage is with, wouldn't they need to know in order to somehow secure the guarantee ? Also wouldn't they need my partner to sign and agree to it being secured on the house as he is joint mortgagee?

Would assume this is to see if there a charge against the house for the loan you have taken out




Yours


Calley x

nw66

i'll check that tomorrow,
thank you x

antrobus

nw66 wrote: »

maybe i am missing something but how will the land registry know about a personal guarantee at the bank? the bank don't know who my mortgage is with, wouldn't they need to know in order to somehow secure the guarantee ? Also wouldn't they need my partner to sign and agree to it being secured on the house as he is joint mortgagee?

They issue a statutory demand and petition for your bankruptcy. Of course, if there is no equity in the property, they may not bother for the moment.

In the circumstances, you might wish to seek advice from the likes of StepChange, bankruptcy might well be your best option. After all, your offer of £100 per month might not be enough to cover the interest accruing on this £20k debt. Drawing a line under it now when your partner can buy out your interest in the property for £1 might well be better than the alternatives.

macman

Why did the insurers not pay the claim?