What proof does my guarantor need to send?

emma_wright10@hotmail.co.uk (1 year ago)

What proof does my Guarantor need to send you

FLM Loans (6 mths ago)

All being well, your guarantor shouldn't need to send us any proof. We can check their identity and homeownership using a system we have. We do sometimes run into problems though if the guarantor has paid off their mortgage. We check they own their home by looking for regular monthly mortgage payments made from their bank account. If it's paid off they wont have this. In which case we will require of proof of ownership, something like a copy of the deeds or a letter from the bank/solicitor/mortgage company that dealt with the purchase.



For the time being though you wont have to worry about any of this. Just make sure they fit the criteria required and get the signed forms back to us. Here's a reminder of the criteria.

Comments (4)

carl123 (1 year ago)

You say you check their account by this i take it you mean you check their bank account?

FLM Loans (1 year ago)

That is correct. When looking at the bank account statement (if needed) we will be able to see any mortgage payments going out if the guarantor is currently paying off their mortgage.

helen (1 year ago)

my guarantor has paid of their mortgage but i need my loan within the next 5 days, is it possible for them to send proof of ownership now even tho my application has not been fully processed yet

FLM Loans (1 year ago)

Thats a great idea. When you upload your application form to us you can also submit the proof of ownership at the same time using the same upload feature!