As a guarantor, you are legally committing to cover the mortgage repayments if the borrower fails to do so. This means that you are taking on the financial responsibility for the loan, including any missed payments, interest, or penalties. Our solicitors will carefully explain the extent of your obligations and what this could mean for your financial stability, ensuring you are fully aware of the long-term implications. You will understand under what circumstances you may be called upon to fulfill these obligations and how this can impact your credit rating and personal finances.