What is Independent Legal Advice?

Independent Legal Advice (ILA) is advice given by a solicitor who isn’t involved in setting up your finances.

Why do I need it?

ILA ensures you fully understand the risks and obligations of the loan before signing anything. The ILA solicitor will explain everything in simple terms. They will also sign a certificate confirming they gave you the advice and that you signed the document in their presence without any pressure from others.

You usually need to pay a fee for this advice, which covers the solicitor’s time and preparation. This isn’t just a formality; it’s a serious legal requirement to make sure you understand your future risks.