Hello Jane my name is ***** ***** I will help you.
Did they say they were going to do this?
Its not that your mother will sign the guarantee, it is not that.
If there is a tenant in the property then they may have a right to remain in case the bank takes possession.What they want to your mum to sign is in effect that if you default and they seek possession, your mother postpones her right to remain.
They need to do this of all adults over the age of 18 in the property.
It is quite normal and would apply even if you went for a mortgage, they would apply for people living with you to postpone the rights.
So that is what the document is for. But if you dont need the overdraft then you dont need to sign the PG or provide that security.
But they should have said they were doing to do this before they did. But is it unusual? No
Can I clarify anything for you about this today please?
Yes I understand and agree. But even if they had a signature it does not bind you to any security, just postpones their rights
Does that clarify?