Mortgage deeds - guarantor?

Chin

Hello

We've just received all our legal paperwork from our solicitor before we exchange and one thing we noticed was the documents from our mortgage lender.
One of the documents asks for us to sign with a witness which is fine, however another document asks us to complete a form that details guarantors. Reading the small print it doesn't say that the guarantor will be liable for the mortgage should we default, it just states that they guarantee we will be paying the mortgage and that if we don't we/the bank are liable to sell the property to recoup their cash.

Is this normal procedure?
We were not told at any point during our mortgage application that we need to have a guarantor nor is it in the conditions of our mortgage offer which we were sent so it's a bit confusing that it's mentioned in the paperwork sent to the solicitor.

It's not a big issue, but are keen to know if this is normal or if it's because of what we are borrowing as FTB's.

Hoping you can help

kingstreet

A guarantor case requires a lot more work at the outset - normally the completion of another application. It's not something you can do with a one-page supplement later in the process. Either the form has been included incorrectly and isn't needed, the lender has made an error in the processing or you have misunderstood the meaning of the form.

Contact your solicitor for clarification as none of us is likely to be able to explain this with any degree of certainty.

Let us know when you find out!

Chin

Thanks

Seems as though it's a general form that is sent out to the solicitor on every case and we have been advised to leave it blank.

Was worth while getting two opinions.
Thanks for your help.

kingstreet

Phew. Good result.