Close family member or friend of the applicant Homeowner (only if secured loan) Good credit score A regular monthly income (this might be set at a minimum of £800 or more) Must pass the lender’s affordability checkFrequently asked questions How many guarantor loans can you have? It’s ...
Does the guarantor need to be a homeowner? While it’s not uncommon, and often preferred by lenders, for a guarantor to be a homeowner, it’s not essential. They could be a renter or even live with their parents. The important thing is that they can prove that they can afford to mak...
Some direct lenders will require that the guarantor is a homeowner, but this isn’t always the case.If you are looking for loans with a guarantor, you must consider the financial standing of your guarantor. This is because lenders will place just as much importance on the financial stability...