What is the process?

Once you’ve agreed to act as a guarantor the applicant will complete their part of an online application and we’ll send you a link to login to your part. You’ll need to confirm and complete some details online, which will allow us to run some preliminary checks. If we need any additional information from you such as proof of income or address, we’ll email you details of what we need and how you can send it to us.

Following this, one of our underwriters will complete and income and expenditure assessment with you. We’re using Open Banking to process this, so lookout for an email which explains how it works.

Once we’ve assessed the affordability of the loan, and the application has passed all our checks, we’ll send you copies of your loan documents for you to read and sign electronically.

Once the loan has been approved, we’ll pay out the funds into your bank account – which is done for security purposes. You can then transfer the money over to the borrower.

Online application

The applicant fills in some details on our online application form. We’ll then send a link for you to login and fill in your details.

Initial assessment

We’ll run some initial checks on the details you’ve provided. If we need any additional information from you, we’ll request this now.

Open Banking

You’ll receive an email to link you to our Open Banking platform – this is how we assess your financial situation.

Call with UK Credit

Both you and the applicant will each have a call with a member of our team. We’ll ask some questions about your expenses to assess the affordability of the loan.

Sign your agreement

Once we’re satisfied with the affordability of the loan, we’ll send a copy of the loan agreement to you and the applicant for you to read and sign electronically.

Money is transferred

The funds are paid out into your bank account, which you can then pass onto the applicant.