Finally Debt Free After 34 Years, But Still Need to Live Frugally

MadamMim2013

HairyHandofDartmoor wrote: »

He said that the guarantee only applies to the rent and not damages, that it only covers his rent and that his housemates are asking their parents to guarantee their rent. He said the £500 a month doesn't include utilites :eek: but he reckons he can afford to pay for them.

:eek::eek::eek: Not including bills.. that’s crazy expensive.. Is it in London or similar??
I have a small 2 bed town house and only pay a bit more per month!
I’m sure he’s saved and knows his own budget, it just seems like an awful lot to me..

MadamMim2013

HairyHandofDartmoor wrote: »

We're the poor relations .

Umm.. in finances maybe yet not in personality, kindness, strength, courage and sheer determination to succeed.. You are most definitely not poor in those departments :)

HairyHandofDartmoor

MadamMim2013 wrote: »

:eek::eek::eek: Not including bills.. that’s crazy expensive.. Is it in London or similar??
I have a small 2 bed town house and only pay a bit more per month!
I’m sure he’s saved and knows his own budget, it just seems like an awful lot to me..

It's Surrey so it is near to London. It is a very expensive neighbourhood :eek:.

HairyHandofDartmoor

MadamMim2013 wrote: »

Umm.. in finances maybe yet not in personality, kindness, strength, courage and sheer determination to succeed.. You are most definitely not poor in those departments :)

Thank you .

System

HH , Tea for 2 has mentioned on her diary about being a guarantor for her DD at uni . Suggested she gave you some advice , maybe drop in on her thread. The more the merrier.

HairyHandofDartmoor

Thanks Cumbria will do . I've been meaning to read her thread funnily enough, but haven't managed to yet.

Sun_Addict

Fantastic news on the tax rebate :j

No advice on the guarantor situation unfortunately. Do whatever you're comfortable with.

HairyHandofDartmoor

Thanks SA .

elizabethhull

HairyHandofDartmoor wrote: »

DS3 has been looking at renting private accommodation for his second year at uni. He has asked DH and I to be guarantors for his tenancy :eek:. I don't think he'll be allowed to take on the tenancy if we don't become guarantors.

Also we want to see a copy of the guarantee agreement because we only want to guarantee DS3 and not the entire house :eek: so we need to read the small print carefully.

I feel really stressed and anxious now .

When DD2 rented, parents weren't allowed to be guarantors, so my father, then in his late 80s (!!) volunteered. She would NEVER have dared default on him !!

Excellent idea to read the agreement carefully for exactly the reason you state. No surprises is what you want from the agreement.

Regarding your stress - I'm trying to send relaxing waves of lavender (or whatever), a bit of Ludovico Einaudi mood music, and a spoonful of your favourite ice-cream through the magic of the internet......
:wave::wave::wave:

WannabeFree

Hope you have a good day HH

x