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My husband has signed a personal guarantee

Posted: Sat Sep 04, 2021 3:31 pm
by sue321
My husband has signed a personal guarantee and the creditor is now pursuing a charge on our property. The property is owned on a joint tenants basis with me holding a larger percentage. Please can you advise if it came to the point of a forced sale would the cost of the sale be paid from my husband's equity in the property or would it be shared between us, as obviously I am not going to approve a sale.

Re: <t>My husband has signed a personal guarantee</t>

Posted: Sat Sep 04, 2021 4:07 pm
by Foggy
You would need professional advice on this matter, being beyond the scope of this forum, but I would imagine that the costs would be apportioned, pro rata, according to each owners share.

Re: <t>My husband has signed a personal guarantee</t>

Posted: Sat Sep 04, 2021 4:19 pm
by kallis3
I agree with Foggy and would also like to welcome him back after his break.