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Guarantor for Brothers rental flat

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  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    The LL will presumably run a credit check on the guarantor: it would be pointless to accept them otherwise.
    No free lunch, and no free laptop ;)
  • moneyistooshorttomention
    moneyistooshorttomention Posts: 17,940 Forumite
    macman wrote: »
    The LL will presumably run a credit check on the guarantor: it would be pointless to accept them otherwise.

    ..and I'm guessing that could impact on OP's credit rating of itself.

    I know, from experience, that if one has a certain number of credit checks in a pretty short space of time, then the answer can come back to a credit check (ie a credit check OP needs themselves) as a "No", even if OP is doing everything "by the book" themselves.
  • anselld
    anselld Posts: 8,646 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    macman wrote: »
    The LL will presumably run a credit check on the guarantor: it would be pointless to accept them otherwise.

    Landlords are not financial institutions. They cannot run credit checks which leave a record. They can only view the public data.
  • Owain_Moneysaver
    Owain_Moneysaver Posts: 11,392 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    It won't be a guarantee just for the rent.

    You will be guaranteeing all your brother's full liability under the tenancy agreement. If he (or his visitors) trash the place, smash the windows, break the toilet, flood the bathroom and bring down the ceiling, set fire to the kitchen and start a pot grow in the loft, it'll be you that has to pay for everything.

    If you don't pay up you will be taken to court, you may be made bankrupt if you can't pay the court judgement when the bailiffs come round, and your home could be repossessed under the bankruptcy order.
    A kind word lasts a minute, a skelped erse is sair for a day.
  • Sea_Shell
    Sea_Shell Posts: 10,030 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    I think we've all scared away the OP!!!!

    Lets hope they are able to politely say to their Brother "No sorry, i'm unable to do this for you"

    If the Brother cuts her off for doing this....then that's his loss.

    Let's hope she won't be emotionally blackmailed into agreeing.
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • shell88
    shell88 Posts: 66 Forumite
    Thanks all for the responses! I think I get the message! I!!!8217;ve told him I won!!!8217;t be as I just can!!!8217;t take the risk. As expected, I am now the !!!8220;selfish older sister!!!8221;!
  • breaking_free
    breaking_free Posts: 780 Forumite
    Tenth Anniversary 500 Posts Name Dropper Photogenic
    shell88 wrote: »
    As expected, I am now the selfish older sister!!!

    Well that tells you all you need to know.

    Just out of curiosity (because a previous poster mentioned it), has he ever done any giving to you?
    "The problem with Internet quotes is that you can't always depend on their accuracy" - Abraham Lincoln, 1864
  • teddysmum
    teddysmum Posts: 9,521 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    breaking_free wrote: »
    Well that tells you all you need to know.

    Just out of curiosity (because a previous poster mentioned it), has he ever done any giving to you?



    I was thinking the same, but the selfish one is he who expects his sister to risk all for him.
  • Ogriv
    Ogriv Posts: 97 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    I know a woman who lost her home because her daughter defaulted on mortgage payments which she had been a guarantor on.
    The daughter has no remorse.
    The woman is renting.
  • Ogriv
    Ogriv Posts: 97 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    shell88 wrote: »
    Thanks all for the responses! I think I get the message! I!!!8217;ve told him I won!!!8217;t be as I just can!!!8217;t take the risk. As expected, I am now the !!!8220;selfish older sister!!!8221;!
    I'm pleased for you, OP.
    It is perfectly fine to protect yourself!
    You have more to lose than him.
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