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  4. Does a guarantor need to speak English?
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  4. Does a guarantor need to speak English?

Does a guarantor need to speak English?

YES 💬

It’s a requirement in the UK that all those entering into a loan agreement clearly understand the terms of that agreement.

The lender, under their responsible lending obligations, needs to be sure that the guarantor has a full understanding of their responsibilities.

If the guarantor does not speak good English, the lender will not be able to meet their obligations and will request another guarantor is found.

 


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