The following is based on a typical Guarantor loan
As a borrower using a guarantor loan your home, if owned, is not at risk from the lender as long as all payments are met as they fall due.
Most Guarantor loans require the Guarantor to be a home owner but don’t formally charge the property. Interestingly although there is no specific security, because a Guarantor is involved the Consumer Credit Act defines a Guarantor loan as a secured loan.
So is the Guarantor’s home at risk? The answer is yes and no.