Guarantor Consent to Assignment of Mortgage | Canada
Prior to assigning a mortgage to a new lender, any guarantor to the mortgage should give their consent by signing this Guarantor Consent Form.
- If a personal guarantee has been given as security for a mortgage loan and the mortgagee wants to assign the mortgage to another lender, the guarantor must consent to the assignment.
- The guarantor acknowledges that he is aware that the guarantee he gave for repayment of the mortgage loan is still binding, notwithstanding the assignment.
- This is a downloadable legal form which can be used anywhere in Canada.
Make sure your paperwork is complete - download the Guarantor Consent to Assignment of Mortgage form.
Last Updated: 13-May-2021