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Asked to be guarantor
Comments
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Just say no.
I don't like the habit that letting agents seem to ask for a guarantor these days. People can either afford a place on their own or they can't, a lot of the reasons people can't afford is because rents have an artificial floor under them funded by housing benefit, rather than finding a true market rate.0 -
Fireflyaway wrote: »There are 2 parts to my question I guess.
1 is that I don't really want to do this because of the risks, but its a family member and I feel its going to be hard to say no. Therefore I am hoping I might not be eligible anyway! That way I don't have to say no.
2 is that I want my family to come first. I need to move to a larger house and don't want my plans held back because of being a guarantor.Fireflyaway wrote: »makeitstop - I think you could be right. My OT hardly slept last night worrying about it and the potential consequences. I would like the matter ended today one way or another.
Just say no - no explanation, no excuses.
If you don't, there will be many more sleepless nights as you will always have a potential demand for payments hanging in the background.
Who is more important to you - your family or this other family member?0 -
Good points everyone thanks.
We can't pay any rent up front for them as we don't have savings ourselves at the moment.
As much as I would hate to see them asked to leave their place ( they are already renting it as they paid 1 year up front) , I have to say that I agree that my own family needs to come first.0 -
If somebody needs a guarantor, then you don't want to be a guarantor for them.0
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