We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Guarantor
Comments
-
What is your current position with affording the rent? Have the arrears only occurred since your grandfather passed away or before?
I don't know why you're focussing on whether the guarantor can be held liable? If yes, then it's an awful position and presumable you'd pay your grandmother back, if no then presumable you intend to pay the landlord?
Therefore, you will be the one paying it regardless of the legalities of the guarantor setup.
What caused the arrears and was it a temporary problem or an ongoing problem? The answer to that is what's needed to help, not whether the guarantor agreement is binding.
Sorry for your loss.0 -
AnotherJoe wrote: »No ones mentioned this, but seems to me, if you got into arrears after your grandfather died, then there is no claim upon his estate as the agreement will have lapsed.
Correct, the estate is only liable for debts as at his date of death, so grandmother doesn't come into it otherwise.0 -
This sounds like a stressful situation for you and your partner. I think your main priority is to come up with a realistic payment plan for your landlord. It's likely that the landlord can pursue the guarantor's estate for outstanding funds. If the relationship is still fairly civil between you and your landlord then perhaps ask for a short amount of time (a week or 2?) to come up with a payment plan. In that time you can speak to your grandmother and let her know the situation. It will be much better coming from you than your landlord. I hope you find a solution!0
-
Despite grandad being a guarantor surely they can chase OP and take her TV away etc? I assume it's chase debtor, then guarantor?Correct, the estate is only liable for debts as at his date of death, so grandmother doesn't come into it otherwise.Mortgage (Nov 15): £79,950 | Mortgage (May 19): £71,754 | Mortgage (Sep 22): £0
Cashback sites: £900 | £30k in 2016: £30,300 (101%)0 -
It's usually chase whoever is easiest to get the money from.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards