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Guarantor turned dictator in mother's property
Comments
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Not the role or benefit of being a guarantor at all! In fact most guarantors would not live in the property and not be needed to enact their guarantee. As such they would have no rights to any beneficial interest, why would they?
That's up to a court to decide and what I wrote was not intended to imply such an interest has been created. But it *could* have been.0 -
Hi,
Yep he's still a gurantor on a very minimal mortgage.0 -
as a guarantor he is declaring that should your mother not be able to make mortgage payments they can go to him. Has that ever happened? has he had to make payments to the mortgage?
Many lenders would require the guarantor to own their own property but different lenders have different rules
some info on guarantor mortgages here http://www.money.co.uk/mortgages/what-is-a-guarantor-mortgage.htm0
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