Can I change my guarantor with a top up loan?
As a top up loan is a brand new loan, it’s completely up to you if you choose to use a new guarantor or your previous guarantor; so long as they still meet our criteria and can afford the new repayments.
Remember, your guarantor needs to:
- Be aged 18-75
- Have a UK address
- Have a strong credit score with a history of always paying their bills on time
- Be able to afford the monthly payments if you didn’t pay