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.
Security Guarantee with retired guarantors
- Otto Dargan
- Mortgage Specialist
- Posts: 7730
- Joined: Sat Sep 06, 2008 5:55 pm
- Location: Sydney, Australia
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