Who can be a Guarantor?


A Guarantor should be someone who knows the Borrower well, usually a friend or family member. They must meet some initial criteria and be willing and able to make repayments if the Borrower doesn’t.

Guarantors are needed for two main reasons:

  1. To provide support for the Borrower in order to obtain the loan, which might otherwise be unavailable.
  2. To step in and cover the repayments on the Borrower’s behalf, if the Borrower does not pay their contractual monthly payment.

To act as a Guarantor, you must:

  • be a homeowner – either via a mortgage or outright,
  • have been a UK resident for at least three years and have a current, active bank account,
  • live in England, Scotland or Wales,
  • be between the ages of 25 at the start of the loan and 70 at the end of the loan term,
  • be employed, retired or in receipt of certain benefits,
  • have known the Borrower for at least 12 months and trust them,
  • not currently be bankrupt, or had an active bankruptcy within the last 3 years,
  • not currently in a Debt Management Plan(DMP), or had an active DMP within the last year,
  • not currently be in an Individual Voluntary Arrangement (IVA) or have had an active IVA within the last year,
  • not currently subject to a Trust Deed (Scotland) or have had an active Trust Deed within the last year,
  • be able to afford the repayments, and be willing to make them, if required.

As a responsible lender, we will always undertake an in-depth affordability assessment to ensure the loan is affordable to you, as well as to the Borrower. This is to ensure that you could afford to take over the loan repayments if you were required to. You can find more details on our What is the process? page

Who can be a Guarantor?

  • Parents
  • Friends
  • Siblings
  • Partner or Spouse
  • Children
  • Colleagues
  • Other family members