Guarantor questions?

oliviabethemmerson

Hi everyone,

So basically I passed the referencing stage (on £12,000 a year). However, my partner who is in temporary employment until the 2nd of January, he goes permanent then (he earns £40,000 a year), failed.

He now needs a guarantor, so his Mother has agreed to do so. Unfortunately, she does not earn the amount they have requested, which is £40,000 a year. Therefore, even though the employer has confirmed he is going permanent in a few weeks, he still needs the guarantor.

So, we have had to pay another £125.00 for them to process a guarantor fee.

However, she works part time (as his Dad brings in most of the money), has worked at the same company for over 30 years, has a good amount of savings, is a homeowner and also they do own 19 houses which they rent out.

As we have paid so much money towards the whole application fee, do you think she will be sufficient?

I really didn't think I'd pass but hey ho!

Any advice would be appreciated.

Thank you in advance.

Comms69

keep it to one thread or it gets confusing

Slithery

There's no need for you to post the exact same question 3 times. Please continue in your original thread...
https://forums.moneysavingexpert.com/discussion/5936026

oliviabethemmerson

Thanks, but my original post was about tenant referencing for the references.

This one is questions regarding a guarantor for the property?

Thankyou!

Slithery

Yes, but all of the relevant information is in your other thread. People who read just this one won't get the full pictutre of the circumstances involved.

oliviabethemmerson

How do I delete it? Thanks.

fairy_lights

oliviabethemmerson wrote: »

However, she works part time (as his Dad brings in most of the money), has worked at the same company for over 30 years, has a good amount of savings, is a homeowner and also they do own 19 houses which they rent out.

Why not get his dad to be the guarantor if he's the main earner?