Family Loans and Guarantor Advice

Family loans and guarantor agreements can help loved ones take big financial steps — but they also carry risks. At MMLaw, we provide clear, independent advice to protect your interests and keep relationships secure.

Family Loans

Protecting relationships with clear agreements

Lending money within a family can be sensitive. We prepare formal loan agreements that set out clear terms, protecting both parties and reducing the risk of misunderstandings or disputes down the track.

Guarantor

Understand your obligations before you commit

Acting as a guarantor carries serious legal and financial responsibilities. We provide independent legal advice so you fully understand the risks and implications before signing, helping you make informed decisions with confidence.

Family Loans

Lending or borrowing within the family can seem straightforward, but without clear agreements it may lead to disputes. At MMLaw, we help document and structure family loans to protect relationships and provide peace of mind.

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Keeping support clear and conflict-free.

Family loans can be a wonderful way to help a loved one purchase a home, start a business, or overcome financial challenges. But without proper documentation, these arrangements can create uncertainty and even strain relationships.

A family loan is simply money lent from one family member to another. While trust is at the heart of these arrangements, the law treats them seriously. If disputes arise later, courts will look for clear evidence of the loan’s terms.

When financial help comes from loved ones.

Protecting both the lender and the borrower.

Formalising a family loan with a written agreement ensures everyone understands the expectations. It sets out repayment terms, interest (if any), and what happens if circumstances change. This avoids confusion and protects both sides.

Guarantor Advice

Becoming a guarantor can help someone you care about achieve their goals — but it also creates serious legal and financial responsibilities. At MMLaw, we give you independent advice so you understand the risks before you sign.

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Helping others while protecting yourself.

It’s common for parents, relatives, or friends to act as guarantors to help someone secure a home loan or other finance. While it can be a generous way to provide support, it also comes with significant risks.

As a guarantor, you agree to cover someone else’s loan if they cannot make repayments. This can put your own home, assets, and credit rating at risk. Understanding the full implications is vital before signing any documents.

Taking on responsibility for someone else's loan.

Protecting your interests and relationships.

Most lenders require guarantors to seek independent legal advice before finalising a guarantee. This ensures you fully understand your obligations and protects both your legal rights and your relationship with the borrower.