The pros and cons of becoming a mortgage guarantor for your adult kids

Using your house as collateral for your child’s home loan is a big step that could provide them with a vital boost onto the property ladder … or leave you struggling to cover mortgage repayments on their behalf. So before you make any agreements to becoming a mortgage guarantor, it’s important to take a long, hard look at your child’s relationship with money, as well as what you’ll lose if it all goes south.