Who can be my cosigner?

A cosigner needs to be someone who knows you well and trusts you.

Many customers choose to ask a friend or a family member, because they're their closest relationships, but there are many other options. It could be a neighbor, colleague, boss or someone else who is willing to sign the loan agreement with you. The most important thing is that they understand their responsibilities and trust that you're going to make your loan repayments on time and in full – because if you don't, they'll have to.

Remember that your cosigner must have:

• A credit score of 700 or more
• A good history of paying their bills on time

Homeowners with a lower score can also be accepted if they have a strong payment history.