Positives and negatives out-of a guarantor financing
You will be sat into the a student lettings firm having a bunch of upcoming housemates, prepared to subscribe accommodations property.
In such a case, a beneficial guarantor may be your parents otherwise guardians, which invest in security the book for folks who skip repayments.
What is actually a guarantor mortgage?
A guarantor financing is actually a kind of personal bank loan contract in which the second people, generally a family member or friend, must act as the ‘guarantor’.