- Key issue:
- Parental guarantees
- Case study:
- July 2006
- Date:
- 2008-07-06
- Mortgage amount:
- Various
Outcome
Guarantee during probationary period.
Detail
Applicant 1 and 2 were qualified IT professionals, They were first time buyers and qualified for 100% mortgage on all counts except that both had recently moved Jobs and were in their probationary period. As both had good employment histories and were IT graduates, the bank we had earmarked for them chose to approve their application on the condition that they use a parent as guarantor for the term of their probationary periods (6 month
