As a guarantor, why have I been charged 29p?

The 29p is taken to ensure that your account can take the type of transaction we make when the money is paid out and to check that the account is active. The last thing we want is the funds floating around in limbo. FLM want our customer's to get their loan as smoothly and quickly as possible.

This 29p can be refunded or you can retain this amount from the loan, before you transfer it to the applicant. If you would like a refund, just let your FLM caseworker know and they'll get this arranged.