Personal Liability

Personal liability refers to an individual’s legal responsibility for repaying a debt if a loan or obligation goes unpaid. This is common when a guarantor supports a loan or when a sole trader borrows in their own name.

Borrowers can limit exposure by structuring the loan under a separate entity or seeking limited recourse terms, where liability is tied only to the secured asset. Understanding personal liability is critical when entering into bridging loans or commercial finance arrangements, especially for property-backed transactions.

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Thinking about downsizing but worried about the financial gap between selling your current home and buying a new one? Funding's Bridging Loans are designed to make your transition seamless and stress-free. Get ahead, sooner, and enjoy the benefits of downsizing with ease.

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In Australia’s competitive property market, timing is often critical. For many property buyers, securing a new home or investment property...

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