Documents for Business

In excess of 1,000 customisable documents covering every conceivable business issue.

Introduction to this document

Directors’ personal guarantees

Banks often require a company’s directors to personally guarantee their company’s borrowings. They sometimes want security for the guarantee over a directors assets as well.


There is legal protection in place to stop individuals from incurring potentially large liabilities without understanding what they are signing up to. The parties must be particularly careful when security is taken over the family home, as this affects not only the director but others who live there. There is a particular procedure to follow to make sure that everyone involved is fully informed.