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It costs £90 and, like bankruptcy, restricts your ability to borrow and wrecks your credit rating.
And as with any personal guarantee, this one is likely to affect your credit score and your ability to borrow money outside the business.
The mortgage shows up on your credit report, and that could affect your ability to borrow money or buy a second home.
Your ability to borrow will depend not only on your income and the size of your down payment, but also on your credit score and credit history.
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Losing your rating or being downgraded can have a fatal effect on your country's ability to borrow money on the markets.
"The ability to borrow in your own currency is a great convenience," says Arijit Dutta, who covers emerging markets for Morningstar, an investment-research firm.
And for riskier borrowers, there is little sign of an ability to borrow.
A second is their own ability to borrow.
"We might not see changes in people's willingness to borrow, but in their ability to borrow," she said.
Many firms will see their debt-to-equity ratio rise and their ability to borrow fall.
The ability to borrow money to buy assets fuelled the rise in asset prices.
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your ability to write
your ability to think
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your ability to enjoy
your ability to lead
your ability to walk
your ability to express
your ability to have
your ability to keep
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your ability to carry
your ability to speak
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com