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Being a Guarantor

Felicity Hannah, listeners and experts discuss why people become a guarantor and the possible risks involved in signing up to a financial agreement for someone else.

Would you ever consider being responsible for someone else’s mortgage? Or their rent? Or a debt? What if it was someone you loved and wanted to help?

That’s exactly what guarantors agree to do. Felicity Hannah, callers & an expert panel discuss how it works, why it’s 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.
John Wightman, Head of Practice for Lending & Affordability at the Financial Ombudsman Service.
Gary Rycroft, senior partner & solicitor at Joseph A. Jones & Co, based in Lancaster.

And you are access more information about being a guarantor via:
www.citizensadvice.org.uk/housing/renting-a-home/using-a-guarantor
www.financial-ombudsman.org.uk/consumers/complaints-can-help/credit-borrowing-money/guarantor-loans

Producer Smita Patel
Editor Emma Rippon

Available now

32 minutes

Last on

Wed 19 Jan 2022 15:00

Broadcast

  • Wed 19 Jan 2022 15:00

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