Khounch Cares Ep #5 - When parents put their home on the line, is it worth the risk?
Navigating family financial relationships can be tricky, especially when it comes to helping children purchase their first homes. Our conversation with mortgage advisor Khounch dives deep into the modern reality of parent guarantors - a topic that affects thousands of families trying to help the next generation onto the property ladder.
The guarantor landscape has changed dramatically. Gone are the days when parents could simply sign a form to help their children secure a mortgage. Today, becoming a guarantor means parents must undergo the same rigorous financial assessment as the primary…
The skinny
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