asked to be guarantor by Ex even though she has cash in bank

MPwannasavemoney

dear guest101 - I don't find your answers in the least bit helpful given you know so little about the background and your stance is not helping answer the question about being a guarantor. I am not here to debate or justify the circumstances.

MPwannasavemoney

Dan-Dan wrote: »

How old are they?
Kids are more adaptable than people think,living in a B&B cant be doing them any good

which is why I am considering being a guarantor to get them out of there. Kids are school age 2 in secondary one in primary

MPwannasavemoney

Mojisola wrote: »

All that and she wants you to be responsible for her rent as well?

Her solicitor must have been in a different league to yours!

If she has the money to pay rent upfront, I think the failure to find a rental is hers, rather than the LLs.

Poor kids!

No she will pay the rent from the money she got from the house sale, the agents won't let her rent because she is not a "working professional". It seems the agent doesn't care about paying the rent upfront - their criteria is to have "working professional"

Guest101

MPwannasavemoney wrote: »

dear guest101 - I don't find your answers in the least bit helpful given you know so little about the background and your stance is not helping answer the question about being a guarantor. I am not here to debate or justify the circumstances.

Dear MPwannasavemoney,


When posting on a public forum, you will often encounter answers that make you feel uncomfortable, or that make you question your choices and decisions. If you wish to receive only the answers you want, feel free to pay someone to do that (though not your previous solicitor, they've cost you enough already.)


I've answered your question on being a guarantor. DONT. There's no debate on the issue..


You don't need to justify anything to me, or anyone else here. Maybe to your kids though.

MPwannasavemoney

Guest101 wrote: »

Dear MPwannasavemoney,


When posting on a public forum, you will often encounter answers that make you feel uncomfortable, or that make you question your choices and decisions. If you wish to receive only the answers you want, feel free to pay someone to do that (though not your previous solicitor, they've cost you enough already.)


I've answered your question on being a guarantor. DONT. There's no debate on the issue..


You don't need to justify anything to me, or anyone else here. Maybe to your kids though.

Well thanks for your note of clarification. You say DONT be a guarantor but you I do not understand why nor if there isn't other alternatives given the kids will not want to live with anyone else other than their mother who has the funds to pay rent.

antrobus

MPwannasavemoney wrote: »

....Any tips about being a guarantor in this situation would be gratefully received.

As a guarantor you have the right of subrogation, i.e. if you have to pay out anything under the guarantee, you have the automatic right to recover said sums from, in this case, the tenant, your ex.

Which would be the same ex that you are paying spousal maintenance to. So you can always recover the monies by deduction from said maintenance.

Is that any help?

MPwannasavemoney

antrobus wrote: »

As a guarantor you have the right of subrogation, i.e. if you have to pay out anything under the guarantee, you have the automatic right to recover said sums from, in this case, the tenant, your ex.

Which would be the same ex that you are paying spousal maintenance to. So you can always recover the monies by deduction from said maintenance.

Is that any help?

Yes that helps, thanks :-)

tom9980

MPwannasavemoney wrote: »

Well thanks for your note of clarification. You say DONT be a guarantor but you I do not understand why.

Because you will be liable to pay her rent, not to mention spousal maintenance, child support etc and your own housing costs/bills. She has a large sum of money she CAN pay upfront to rent she just needs to keep trying to find a landlord who will accept it, on the surface as a landlord myself i don't see any reason she cant find somewhere to live that is suitable, something doesn't add up to me so i agree with Guest101 dont be a guarantor and dont rent a place for her and remember you are DIVORCED.

MPwannasavemoney

tom9980 wrote: »

Because you will be liable to pay her rent, not to mention spousal maintenance, child support etc and your own housing costs/bills. She has a large sum of money she CAN pay upfront to rent she just needs to keep trying to find a landlord who will accept it, on the surface as a landlord myself i don't see any reason she cant find somewhere to live that is suitable, something doesn't add up to me so i agree with Guest101 dont be a guarantor and dont rent a place for her and remember you are DIVORCED.

after 6 months of trying she has failed -is it the agents who are the bar stewards here? Hmm my ex has upset a lot of agents when selling the house, maybe that is the problem. So kids suffer because of this!?

Besides I could get a legal agreement to deduct the rent from the maintenance if I need to... as long as I am not liable for more than the maintenance then what is the issue?

tom9980

MPwannasavemoney wrote: »

after 6 months of trying she has failed -is it the agents who are the bar stewards here?

likely a combination of

agent being bar stewards
Landlords being burnt so only want the best
high demand area
expensive place to live in
her lack of effort