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Oakwood Solicitors
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Independent Legal
Advice (ILA)

Providing our expertise
when you need it most

  • Friendly, impartial service
  • No hidden charges
  • Straight-talking and jargon-free advice
  • Free initial consultation

Make a start today

Call for a free consultation

0113 200 9720

or fill out our contact form

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Reasons You May Need An ILA

Personal Guarantees

When an individual guarantees that they will repay a loan made to someone else if they are unable to do so.

Directors' Guarantees

Where a director guarantees on behalf of the business for a business loan or mortgage.

Settlement Agreements

A legal agreement between you and your employer, preventing you from pursuing employment tribunal claims or other legal proceedings against them.

Mortgages

Such as joint borrow, sole proprietor mortgages. This is when one or more borrowers take out a mortgage, but one of the borrowers is not the owner of the property.

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Impartial and professional

legal service with free initial consultation.

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The best client care

with a dedicated representative from start to finish.

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Award-winning firm

lead by an in-house, experience team.

Testimonials

Quick, efficient and friendly.

Independent Legal Advice for a joint mortgage , sole proprietor purchase. Quick efficient and friendly and reasonably priced.

- Louise

Amazing.

Oakwood Solicitors have been amazing. Very prompt and helpful; can’t fault them at all.

- Client

The experts in Independent Legal Advice

Independent Legal Advice (ILA) is a signed document to confirm that you have received legal advice in relation to a particular matter. The advice must be taken from an independent alternate solicitor or Chartered Legal Executive who is not involved in the original proceedings.

When is an ILA required?

Examples of when an ILA is required are:

  • Personal Guarantees

Where a person guarantees that they will repay a loan made to someone else.

  • Directors Guarantee

Where a director guarantees on behalf of the business for a business loan or mortgage.

  • Settlement Agreements

In employment matters.

  • Mortgages

Such as joint borrow, sole proprietor mortgages.

  • Transfers of Equity
  • Occupiers Consent Forms

It is very important that you get advice with regards to any of the above as signing these documents without advice may mean that you do not fully understand the nature and risk involved.

Banks will ask that you obtain independent legal advice so that they have confirmation that you have no been unduly influence and that you understand the documents that you are signing.

What can our service offer you?

Often, a bank or your own solicitor may advise you that you need to take ILA at a critical time and leave you with only a short time frame to obtain this.

We therefore offer:

  • Fast turnaround
  • Advice which can be given by appointment, Skype or Facetime to suit you
  • Fixed fees are available
  • Competitive rates
  • Paperwork to be signed and returned the same day

How much will it cost me?

Occupier’s Consent £125 + VAT per consent
Personal/Director Guarantee Quote based on document needed
Joint Borrower Sole Proprietor £150 + VAT
Other Independent Legal Advice Please contact us for a quote

We also handle:

  • ID certification – £125 plus vat (£150.00 in total)
  • ID1 form – £125 plus vat (£150.00 in total)
  • Witness signatures – £125 plus vat per document (£150.00 in total)

If you have any other questions, please do not hesitate to contact us for a chat on 0113 200 9787.

Frequently Asked Questions

How do I get Independent Legal Advice?

Just call our team at Oakwood Solicitors Ltd on 0113 200 9787, and we can take you through everything that you need to know.

Why do some mortgage lenders require this information?

In the case of Royal Bank of Scotland v Etridge, the courts agreed that borrowers for a mortgage or loan should be advised to have independent advice from an independent professional before they sign any documentation. Otherwise it was seen by the courts that the bank or mortgage companies or any other party to the agreement could be imparting undue influence upon the borrower.

For example: if an elderly father is asked to take out a mortgage or be a guarantor on a mortgage for their child. The banks would want to ensure that there is no pressure from the family to do this by having a separate meeting away from the main situation.

The lender will require that the borrower of the money enters into the guarantee knowing the risks, the penalties and the financial repercussions of the transaction.

If there is any doubt, then the independent solicitor should advise against signing the paperwork and give you full reasons ass to why this is the case.

Why do lenders want people to have Independent Legal Advice?

A bank or building society also wants to ensure that they are protected from scrutiny. By asking a borrower to get an ILA they safeguard that they have satisfied their duty of care to that borrower.

Why use Oakwood Solicitors Ltd?

 

It can often be very difficult to find a solicitor who will assist you in these matters at such notice. This is where we can step in and help.

There are certain requirements that a solicitor must provide to ensure that you receive the correct independent legal advice. We will therefore:

  • Have a face to face meeting which can be done by way of an in-person meeting or by way of webcam, such as Skype
  • Ensure that any other party should not be present at the meeting to prevent undue influence from another party
  • Avoid legal jargon wherever possible – it is important that the paperwork is ‘translated’ so that you fully understand what you are signing or give you the opportunity to change your mind about the transaction
  • Explain what the consequences of signing the paperwork would be and any connected risks
  • Instruct that the borrower would then be asked to sign the paperwork which would be returned to the lender
What do I do now?

If you believe or feel you have a claim, contact us for a free initial consultation regarding your options:

Junaid Sohail
Junaid Sohail: Solicitor - Financial Litigation

Junaid Sohail is a determined and tenacious Solicitor in the Financial Litigation department, who is regularly instructed on a wide range of financial disputes. Junaid read law at the University of Sheffield (2008-2011), where he also achieved the University’s prestigious Graduate Award. He completed his LPC at Leeds Law School.

Before embarking upon a career in the legal profession, Junaid enjoyed worked as an independent contractor, specialising in the Financial Services sector. From 2011-2017, Junaid worked in Dispute Resolution for the Ombudsman Service in addition to providing professional consultancy services to a number of leading high street financial institutions.

Junaid joined Oakwood Solicitors in November 2017 and qualified as a Solicitor in March 2021. Junaid is a senior member of the financial services team at Oakwood Solicitors.

Junaid has a varied case load and is happy to accept instructions in relation to the following practice areas:

- Defendant and Claimant Civil litigation (Breach of Contract, Disputed debts etc)
- Professional Negligence claims against surveyors, Financial Advisors, Stockbrokers and other financial professionals
- Financial Disputes (Timeshares, Undisclosed Commissions, Pension miss-selling)
- Pre-action instructions relating to Defamation, Sexual harassment and Nuisance
- Commercial Disputes
- Independent Legal Advice in relation to property finance

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