Being a Guarantor
Would you ever consider being responsible for someone else\u2019s mortgage? Or their rent? Or a debt? What if it was someone you loved and wanted to help?
That\u2019s exactly what guarantors agree to do. Felicity Hannah, callers & an expert panel discuss how it works, why it\u2019s needed and what happens if something goes wrong.
We hear the experience of Philippa, Clare, Peter, Tim & Geraldine alongside advise from:
Jayastri Lowe, Money Advice Manager for Citizens Advice Stoke-on-Trent and Staffordshire North.\nJohn Wightman, Head of Practice for Lending & Affordability at the Financial Ombudsman Service.\nGary Rycroft, senior partner & solicitor at Joseph A. Jones & Co, based in Lancaster.
And you are access more information about being a guarantor via:\nwww.citizensadvice.org.uk/housing/renting-a-home/using-a-guarantor\nwww.financial-ombudsman.org.uk/consumers/complaints-can-help/credit-borrowing-money/guarantor-loans
Producer Smita Patel\nEditor Emma Rippon