Hi everyone,
My question is for all the finance guys out there. Can anyone explain the rules regarding going garantor for a loan.
I am looking at a development block and have the income to cover the repayments on a loan but don't think the bank will give me anymore money due to other commitents.
Is it likely that i could get a guarantor for the loan that the bank would accept, and if i did would they need equity, cash in bank or income to make them more attractive to the bank.
Thanks
Baz
My question is for all the finance guys out there. Can anyone explain the rules regarding going garantor for a loan.
I am looking at a development block and have the income to cover the repayments on a loan but don't think the bank will give me anymore money due to other commitents.
Is it likely that i could get a guarantor for the loan that the bank would accept, and if i did would they need equity, cash in bank or income to make them more attractive to the bank.
Thanks
Baz