It is due to lenders looking a case by its merits and not necessarily that the guarantor is a home owner. If a potential guarantor has rented their house for many years and has a good credit record, then why should they be treated any differently to a home owner? The simple answer is they shouldn’t, the tenant with the good credit history is going to care about their credit history being affected just as much as the home owner, so isn’t going to put their name forward unless they trust the applicant, which is the basic premise behind guarantor loans. Click here to know more about #guarantor loans direct lenders.
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