Security Guarantee with retired guarantors

Any general questions you might have in regards to loans and finance.
Post Reply
User avatar
Otto Dargan
Mortgage Specialist
Posts: 7730
Joined: Sat Sep 06, 2008 5:55 pm
Location: Sydney, Australia
Contact:

Re: Security Guarantee with retired guarantors

Post by Otto Dargan »

Hi,

Yes, most Australian banks will not accept a security guarantee from a retired or elderly guarantor. However, some of our lenders can accept guarantees from people close to retirement, pensioners and self funded retirees over 65 years of age as long as they obtain legal advice prior to signing the loan offer.

It would be best if you can call 1300 889 743 and discuss this directly with one of our expert mortgage brokers. Or you can simply complete our free online assessment form and we'll get back to you within 24 hours.
Otto Dargan
Mortgage Broker
P | 1300 889 743
Home Loan Experts

Post Reply