FCA8 Nov 2020 21:17
“Guarantor loans
For guarantor loans, we know from supervisory engagement that many guarantors make at least one loan repayment and the proportion of guarantors making payments is growing. We are exploring whether this might indicate that the loan might not be affordable for the borrower. We are also seeking to establish whether potential guarantors have enough information to understand the likelihood and implications of the guarantee being enforced.”
Quite amazing really