Re: Can I use my brother as my guarantor?
Posted: Fri Apr 12, 2019 3:05 pm
Hi Amanda,
Welcome to the forums.
Most lenders tend to be very specific with who they accept as guarantors. Most banks only allow guarantee from the borrower’s parents.
However, there are selected lenders who can consider guarantees from immediate family members such as siblings, grandparents, spouses, and de facto partners as long as they are over the age of 18.
Friends, workmates or associates aren’t normally accepted because the banks want to make sure that the guarantor has a strong relationship with you.
Our mortgage brokers are experts in guarantor home loans. Please call us on 1300 889 743 or fill in our free online assessment form and we can go through your options.
Cheers,
Otto
Welcome to the forums.
Most lenders tend to be very specific with who they accept as guarantors. Most banks only allow guarantee from the borrower’s parents.
However, there are selected lenders who can consider guarantees from immediate family members such as siblings, grandparents, spouses, and de facto partners as long as they are over the age of 18.
Friends, workmates or associates aren’t normally accepted because the banks want to make sure that the guarantor has a strong relationship with you.
Our mortgage brokers are experts in guarantor home loans. Please call us on 1300 889 743 or fill in our free online assessment form and we can go through your options.
Cheers,
Otto