This calculator is designed to help you work out the size of the limited guarantee and to work out if you’re likely to have trouble obtaining approval with some lenders.

Unlike with a standard home loan, the banks all have very different policies for guarantor loans. As a result, many people approach their bank, only to be declined because of a lending guideline that doesn’t even make any sense!

This is why it’s crucial to find out how the banks will view your application. Applying with the right lender first time around prevents you from damaging your credit score by having too many unnecessary enquiries on your credit file.