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Alice H
Alice H, Solicitor/Partner
Category: Law
Satisfied Customers: 2850
Experience:  Partner in national law firm
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Guarantor mortgage dies does his position as guarantor

Customer Question

guarantor for a mortgage dies does his position as guarantor cease?
Submitted: 1 year ago.
Category: Law
Expert:  Alice H replied 1 year ago.
My name is ***** ***** I am happy to help you. Whether the guarantee is extinguished on death depends on the terms guarantee. The situation could arise where the guarantee becomes an obligation of the deceased's estate. The bot***** *****ne is that the rights and obligations of the guarantor should be stated expressly in the guarantee.