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How does being a guarantor work?
If you guarantee a loan for a family member or friend, you are known as a guarantor. You are responsible for repaying the ...
How does a family guarantor work?
A guarantor is a responsible party (which is the parent in most cases) who signs the lease agreement and agrees to...
What are the legal responsibilities of the guarantor?
Generally speaking, a guarantor supports a borrower when the borrower enters into a financial commitment and may be held...
What does a guarantor need to provide for a loan?
The guarantor you choose must meet the requirements of the lender for which you are applying for the loan. A mortgage...
Can a friend be a uk guarantor?
Generally, a rent guarantor can be anyone between the ages of 18 and 75 who is a resident of the United Kingdom, who is...
Does a guarantor own the property?
As a guarantor, you allow the equity in your property to be used as additional collateral for the loan your child or...
What's the oldest a guarantor can be?
To be a guarantor, you must be 18 years of age or older. However, in some cases, guarantors must be over 21 years of age.
How much deposit do i need if i have a guarantor?
Your Deposit You need a 20% deposit (excluding transaction costs) to avoid paying mortgage insurance from lenders. A...
