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RE-Mortgage application witness signature & guarantor??
Apples2
Posts: 6,442 Forumite
Not sure if this is best here or loans.......
A good friend of mine has applied for a £30k remortgage.
I know his position and know he can comfortably afford his repayments (friend for years and work together).
He has requested I sign his application as a WITNESS to his signature.
The form he has presented is mostly pre-completed by the mortgage company with just the signature boxes to complete.
The guarantor box is blank.
The witness box is where my concern lies.
The box title says "Witness and/or Guarantor (if required)"
Why is this box muddied? i.e why isn't there a separate box for witness and another one for guarantor??
Whilst I am happy to sign as a Witness, I am not prepared to act as guarantor.
Can anyone shed any light on this??
Can I sign safe in the knowledge it is only a Witness signature and I would not be making the mistake of ending up as a guarantor??
I would imagine if I was to act as guarantor I would have my own forms (or boxes) to fill out asking for more than a signature and address (which could easily to forged.
I do trust him but am simply looking out for my own interests.
many thanks.
A good friend of mine has applied for a £30k remortgage.
I know his position and know he can comfortably afford his repayments (friend for years and work together).
He has requested I sign his application as a WITNESS to his signature.
The form he has presented is mostly pre-completed by the mortgage company with just the signature boxes to complete.
The guarantor box is blank.
The witness box is where my concern lies.
The box title says "Witness and/or Guarantor (if required)"
Why is this box muddied? i.e why isn't there a separate box for witness and another one for guarantor??
Whilst I am happy to sign as a Witness, I am not prepared to act as guarantor.
Can anyone shed any light on this??
Can I sign safe in the knowledge it is only a Witness signature and I would not be making the mistake of ending up as a guarantor??
I would imagine if I was to act as guarantor I would have my own forms (or boxes) to fill out asking for more than a signature and address (which could easily to forged.
I do trust him but am simply looking out for my own interests.
many thanks.
0
Comments
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I would cross out and initial the words "and/or Guarantor (if required)"loose does not rhyme with choose but lose does and is the word you meant to write.0
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