A promise by an individual, typically a director or shareholder, to be personally liable if a company borrower cannot meet the mortgage debt.
By Justin Whitelock
Founder of Mortgage London (a trading style of City Finance Brokers Limited, authorised and regulated by the Financial Conduct Authority, FCA No. 766295)
A promise by an individual, typically a director or shareholder, to be personally liable if a company borrower cannot meet the mortgage debt.