What is the process?
Becoming a guarantor is a simple process, but one we want you to feel comfortable with.
Once you have agreed to be a guarantor, both you and the applicant will need to fill in a simple online form. We’ll check the forms and if we need any additional information, we will give you a call. We might need some supporting documents, but we’ll let you know during the call.
If we’re satisfied that both yourself and the applicant will be able to keep up with repayments and the loan is approved, we’ll phone you one last time to run through some affordability checks. When everything’s in order and the loan is approved, we’ll transfer the funds to you. As the guarantor, you are then free to send the money to applicant.