Sentences with phrase «named as a guarantor»
When you sign your name as a guarantor, you are legally responsible for paying back the entire loan if the other person can not or will not make the repayments.
https://www.moneysmart.gov.au/ Not exact matches
No one else has to pay for the debts unless they are already liable under the terms of the original agreement, for example the debt is in joint names or someone has signed as a guarantor.
If my brother acts as guarantor for my mortgage, but does not put his name on the house deeds, would he no longer be classed as a first - time - buyer?