Help guide
Co-borrower vs guarantor vs joint applicants
Clarifies how liability differs when multiple people go on the loan or offer security support — legal advice often required.
Co-borrower / joint
Generally jointly and severally liable for the debt—credit files and future borrowing capacity all impacted.
Guarantor may support security without same repayment profile—still serious legal exposure.
Exit planning
Refinancing to release someone requires income and value to stand alone—can take years.
Document expectations about who pays from which account—relationship agreements are personal legal work.