If you don’t have a deposit or you have a bad credit rating, a guarantor mortgage can help you to get on the property ladder. These mortgages work by a parent or close family relative guaranteeing the mortgage by using their property or savings as security. It’s possible for a guaranto...
Twitter Google Share on Facebook guarantor (redirected fromguarantors) Dictionary Thesaurus Medical Financial Encyclopedia guarantor n. a person or entity that agrees to be responsible for another's debt or performance under a contract, if the other fails to pay or perform. (See:guarantee) ...
If you have a bad credit history and you know someone who is willing to act as a guarantor this type of loan could be suitable if you need to borrow up to £15,000. You will need to supply the details of your guarantor when you apply for the loan. They will have to agree to ...
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