mortgage Guarantor for more than one?

Winnie21 · 2012-01-03 15:31:24

Hi All, I'm just wondering how it works when you need a guarantor. My parents are guarantor for my sibling already - for a house mortgage. Does this mean that they would not be able to be guarantor for me when buying a house? Thanks a mill.

03-01-2012 03:31PM

#1
Winnie21

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Join Date: July 2009

Posts: 44
Hi All,

I'm just wondering how it works when you need a guarantor. My parents are guarantor for my sibling already - for a house mortgage. Does this mean that they would not be able to be guarantor for me when buying a house?

Thanks a mill.

Tagged:

mortgage

mortgage advice

guarantour

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Comments

#2 03-01-2012 03:37PM

D3PO

Registered Users, Registered Users 2 Posts: 7,879 ✭✭✭

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Posts: 7782

depends on their financial situation.

that said if you need a guarantor its a pretty good indication that you probably shouldnt be considering a mortgage right now.

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