Will my guarantor be sent copies of any paperwork?
To meet their responsible lending responsibilities, all lenders will ensure your guarantor knows exactly what is going on with the loan by sending copies of all paperwork to your guarantor, including
- The loan agreement.
- Monthly statements after the loan has been paid out so that they know how you are getting on with the repayments.
- If the loan were to fall into arrears, they may also send letters to make sure the guarantor is aware.