Not for mine.
+ Reply to Thread
Results 31 to 40 of 47
14-07-2012 13:00 #31
14-07-2012 13:08 #32
Can you put some kind of Caveat on the house if you a guarantor? One that says you will be paid back any money you have had to spend if she defaults; money you will get back if the bank were to sell it?
14-07-2012 13:22 #33
No, most definitely not for my siblings.
14-07-2012 13:23 #34
In your situation, yes, because I assume you like your sister.
In mine, no. I hate my brother, as immature as it sounds, I would be feeling awesome if we owned a house and he didn't. I wouldn't help boost him up. I like doing better than him because he's such a jerk and I like to see him struggle and fail. Sad but true.
14-07-2012 13:42 #35
I definitely wouldn't be guarantor on my siblings' loans or DP's siblings' loans. If something did go wrong e.g. they for some reason become unemployed for an extended period of time I would not want my house to be sold from under me......the bank doesn't have an order in which they sell down property.
I could just see it creating a situation where it creates a very strained relationship if things did go bad.
Sent from my Transformer Prime TF201 using BubHub
Last edited by Night Owl; 15-07-2012 at 09:11.
14-07-2012 13:56 #36Senior Member
- Join Date
- Oct 2009
Yes, provided I were in a financial position where I could deal with the loan, or pay for the house outright, if things were to go bad, and provided my partner was on board with the idea too.
The Following User Says Thank You to Guest654 For This Useful Post:
14-07-2012 14:10 #37Senior Member
- Join Date
- May 2009
14-07-2012 14:20 #38
Yep. And drop the kids around all the time
14-07-2012 14:28 #39Senior Member
- Join Date
- May 2011
I wouldn't go guarantor as we couldn't afford the payments if something went wrong. It would be an awful situation if my sibling were involuntarily unemployed or sick & unable to pay, leaving us financially responsible.
If I won loads of $$ in tatts lotto I would buy my sis a house. Unsure about my brother as he seems to have gambling issues so I wonder if buying a house or giving a large amount would be detrimental. But that's another thread.
14-07-2012 14:50 #40
Yes I would. I'd probably be more likely to go guarantor on a loan and ensure she had income protection insurance rather than loan the money outright.
Or possibly purchase the house outright in my name if I had the cash, then set up a 'rent to buy' agreement on the house with her. That way if she defaults or whatever, then you can sell the house if you need to, pay her back whatever she's already paid off, and keep the rest yourself.
Sudocrem / InfacolSudocrem® Healing Cream is a soothing emollient cream which aids and assists in the management of nappy rash, eczema, ...
LATESTWhy it is OK for your child to be differentWhat is a blessing way? How is it different to a baby shower?7 ways to break the ‘mumnotony’ at home
POPULARWhen can I start giving chores to my children?New baby nursery checklist – a guide to newborn essentialsWhat to pack for labour and hospital – a checklist
FORUMS - chatting now ...
Miracle March TTC and Testing ChatConception & Fertility General Chat
Inheritance WWYDGeneral Chat
Lunch box ideas that doesn't include sandwichRecipes & Lunchbox Ideas
HGC lelvelsConception & Fertility General Chat
ongoing chat threadGeneral Chat
April/May TTC group chatConception & Fertility General Chat
Bbt chart thread #8Conception & Fertility General Chat