being rent guarantor and applying for mortgage

wiggyson

Hi,
I desperatly need to move home , but i am a student and therefore the landlord has asked for a guarantor. My brother has offered to be guarantor, but only if it dosent affect him getting his mortgage as he is trying to get a mortgage atm.

ive read conflicting views online, some say it will affect due to financial burden (or rather potential financial burden) , so say it will but only if i fall behind with rent (which im not going to as i have enough money, just happens none of it is from work)
and some say it wont at all, its just a check that they exist and nothing else will be affected.

can someone shed some light as i really need to move but would be mortified if it meant that my brother cant get his own home

ll123_2

Usually you can only qualify as a guarantor if you earn enough to cover the rent in the case you default, most also require you to be a homeowner. So may be wise to wait till your brothers mortgage has gone through then check if he is eligible.

wiggyson

my brother is already guarantor on my current home, he passed through the check fine without a mortgage. if we wait toolong we willlose the house, and its the only one thats come up in the area in the last few months