In this mini episode of That Backyard Property Podcast, we dive deep into the topic of guarantor home loans. Learn how family members can use their property to help first-time buyers secure a home loan without a deposit, and explore common misconceptions, benefits, and the process involved. We cover key points such as limited guarantees, removing the guarantor, and borrowing capacities. This episode is crucial for anyone considering using or becoming a guarantor, providing valuable insights and practical advice.
General advice only and not personal advice. CRN 485467
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Chapters:
00:00 Introduction to Guarantor Home Loans
00:41 Understanding Family Guarantees
01:30 How Guarantor Loans Work
02:15 Calculating the Guarantee Amount
03:57 Managing and Removing the Guarantor
05:05 Common Misconceptions and Themes
08:18 Implications for Parents
09:30 Bank Requirements for Guarantors
10:56 Summary and Final Thoughts
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Produced by Podwave Studios
#guarantor #Realestate #MichaelKilliner #PodwaveStudios
